PRESS RELEASE
For more information: 800-638-6425 • Fax: 443-716-3511 • www.mdrealtor.org



IMMEDIATE RELEASE
Contact: Melissa Lutz
Maryland Association of REALTORS®
800-638-6425
melissa.lutz@mdrealtor.org


MARKET DIPS SLIGHTLY IN JULY 2016

 

July posted a slight decrease of 0.7 percent in home sales, according to the Maryland Association of REALTORS®, (MAR). The trend of wide ranges in the rural counties continued in July. Somerset County recorded 9 sales in July of 2015 and surged to 21 homes in July, resulting an increase of 133.3 percent. The largest decline was in Charles County that saw a decrease in sales by 144 homes or 17.5 percent.

“July numbers reflect what we expect in the summer months, which is consumers are more focused on vacation than buying a house,” said MAR President Bonnie Casper. Casper added “we will see more listing and sales in the fall, which will result in a lot more activity for both sellers and buyers. We expect a vibrant autumn market.”

 

Maryland monthly housing statistics are compiled by data as reported by MRIS and the Coastal Association of REALTORS®. For the purposes of this report, “units” are defined as the closed sales and “pending units” are properties under contract. Months of inventory are based on the current active inventory and monthly sales for the corresponding month.
*MAR publishes the Maryland Housing Statistics monthly; it is available through the Association’s website, www.mdrealtor.org.
  
The Maryland Association of REALTORS® is the largest Maryland professional trade association, serving over 23,000 members, and is dedicated to preserving the vitality of the real estate market. REALTOR® is a registered collective membership mark which may only be used by those real estate professionals who subscribe to the REALTOR® organization's strict Code of Ethics, and who are members of the National, State and Local REALTOR® organizations.

Housing Statistics: July 2016

Jul-16 Units Average Price Median Price Pending Units Active Inventory Months of Inventory
2016 2015 % Chg 2016 2015 % Chg 2016 2015 % Chg 2016 2015 2016 2015 2016 2015
Allegany               52               61 -14.8% $92,522 $86,896 6.5% $74,250 $82,500 -10.0%                  55                69                 488                 614 9.4 10.1
Anne Arundel            835            815 2.5% $383,213 $363,005 5.6% $323,000 $319,000 1.3%                867             887             2,914             3,270 3.5 4.0
Baltimore City            740            700 5.7% $197,964 $172,954 14.5% $156,950 $135,000 16.3%                837             862             3,304             3,515 4.5 5.0
Baltimore County            925         1,062 -12.9% $279,410 $262,394 6.5% $227,000 $225,000 0.9%             1,136          1,110             3,070             3,539 3.3 3.3
Calvert            178            139 28.1% $345,928 $323,840 6.8% $327,174 $290,000 12.8%                172             165                 729                 878 4.1 6.3
Caroline               34               37 -8.1% $189,309 $168,776 12.2% $172,450 $160,000 7.8%                  44                37                 246                 300 7.2 8.1
Carroll            270            208 29.8% $315,248 $316,007 -0.2% $294,500 $298,700 -1.4%                264             264                 876                 998 3.2 4.8
Cecil            123            125 -1.6% $224,014 $229,671 -2.5% $209,000 $229,900 -9.1%                128             127                 724                 842 5.9 6.7
Charles            208            252 -17.5% $274,934 $267,122 2.9% $271,500 $259,950 4.4%                321             288                 890                 973 4.3 3.9
Dorchester               52               40 30.0% $244,840 $172,102 42.3% $163,000 $157,600 3.4%                  56                35                 338                 392 6.5 9.8
Frederick            394            390 1.0% $319,014 $311,653 2.4% $300,750 $273,500 10.0%                438             352             1,198             1,399 3.0 3.6
Garrett               41               37 10.8% $362,937 $298,985 21.4% $235,000 $213,500 10.1%                  58                55                 522                 645 12.7 17.4
Harford            346            394 -12.2% $269,760 $278,624 -3.2% $252,500 $255,000 -1.0%                386             404             1,303             1,499 3.8 3.8
Howard            445            444 0.2% $448,630 $457,980 -2.0% $415,000 $439,950 -5.7%                460             432             1,207             1,341 2.7 3.0
Kent               35               28 25.0% $240,005 $219,009 9.6% $187,800 $189,750 -1.0%                  40                33                 310                 383 8.9 13.7
Montgomery         1,250         1,264 -1.1% $519,384 $540,745 -4.0% $425,000 $419,900 1.2%             1,256          1,285             2,882             3,449 2.3 2.7
Prince George's            829            818 1.3% $275,431 $247,913 11.1% $270,000 $238,000 13.4%             1,195          1,200             1,807             1,982 2.2 2.4
Queen Anne's               95            100 -5.0% $351,534 $384,790 -8.6% $289,900 $263,500 10.0%                100             108                 527                 692 5.5 6.9
Somerset               21                 9 133.3% $145,373 $80,544 80.5% $129,286 $52,500 146.3%                  28                39                 204                 255 9.7 28.3
St. Mary's            146            136 7.4% $289,547 $286,947 0.9% $277,450 $249,450 11.2%                154             174                 753                 824 5.2 6.1
Talbot               65               68 -4.4% $409,636 $296,918 38.0% $320,000 $232,500 37.6%                  61                69                 560                 598 8.6 8.8
Washington            166            164 1.2% $177,281 $188,520 -6.0% $172,000 $169,950 1.2%                208             202                 817                 927 4.9 5.7
Wicomico               83               96 -13.5% $136,750 $168,251 -18.7% $132,106 $155,000 -14.8%                114             145                 483                 601 5.8 6.3
Worcester            164            163 0.6% $266,724 $261,872 1.9% $246,548 $241,642 2.0%                228             257             1,383             1,689 8.4 10.4
   
MARYLAND      7,497      7,550 -0.7% $332,096 $324,120 2.5% $289,088 $279,099 3.6%         8,606       8,599        27,535        31,605 3.7 4.2
Reported by the MRIS and Coastal Association of REALTORS       NOTE: UNITS ARE THE "UNITS" SOLD, PENDING ARE UNDER CONTRACT

 

 

 

 

 

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