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


NOVEMBER POSTS PRICE INCREASES

 

The housing statistics for November reflect a surprising increase in both average and median prices, according to the Maryland Association of REALTORS® (MAR).  In a reversal from previous months, average prices rose by 3.0 percent and median prices by 3.2 percent. Overall, home sales climbed by 8.2 percent as compared to November of 2014.  However, eleven counties saw declines in housing sales ranging widely from 1.6 to 42.1 percent.

“We are pleasantly surprised with the uptick in home prices in November,” said 2016 MAR President Bonnie Casper.  Casper also noted that “home sales generally remain strong, along with pending sales, which were up by more than 700 homes. Given that the end of the year can be a slow period for residential sales, the statistics for November are very encouraging.”

 

 

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 22,000 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: November 2015

 

Nov-15 Units Average Price Median Price Pending Units Active Inventory Months of Inventory
2015 2014 % Chg 2015 2014 % Chg 2015 2014 % Chg 2015 2014 2015 2014 2015 2014
Allegany 37 43 -14.0% $95,710 $90,901 5.3% $68,000 $73,732 -7.8% 53 38 532 572 14.4 13.3
Anne Arundel 541 481 12.5% $365,173 $350,181 4.3% $298,600 $300,000 -0.5% 678 590 2924 3059 5.4 6.4
Baltimore City 522 498 4.8% $144,332 $143,425 0.6% $109,000 $111,500 -2.2% 740 711 3515 3382 6.7 6.8
Baltimore County 659 610 8.0% $240,945 $252,694 -4.6% $203,500 $202,990 0.3% 837 785 3252 3211 4.9 5.3
Calvert 97 82 18.3% $313,649 $263,013 19.3% $271,000 $250,500 8.2% 109 78 754 784 7.8 9.6
Caroline 25 24 4.2% $183,628 $142,383 29.0% $170,000 $119,442 42.3% 27 28 291 321 11.6 13.4
Carroll 150 137 9.5% $284,357 $278,503 2.1% $269,900 $265,000 1.8% 161 158 893 945 6.0 6.9
Cecil 78 96 -18.8% $201,339 $213,877 -5.9% $173,750 $188,500 -7.8% 100 94 776 831 9.9 8.7
Charles 142 160 -11.3% $261,399 $252,290 3.6% $250,000 $235,620 6.1% 227 196 860 867 6.1 5.4
Dorchester 27 29 -6.9% $144,387 $112,359 28.5% $126,000 $105,000 20.0% 35 22 354 349 13.1 12.0
Frederick 247 217 13.8% $289,631 $287,662 0.7% $249,900 $256,500 -2.6% 309 263 1266 1141 5.1 5.3
Garrett 22 38 -42.1% $340,382 $333,613 2.0% $270,500 $206,000 31.3% 47 43 495 564 22.5 14.8
Harford 251 194 29.4% $261,486 $248,482 5.2% $239,900 $224,850 6.7% 256 234 1322 1398 5.3 7.2
Howard 250 236 5.9% $409,601 $420,928 -2.7% $392,500 $383,500 2.3% 325 267 1143 1187 4.6 5.0
Kent 19 21 -9.5% $257,234 $247,898 3.8% $185,000 $177,000 4.5% 23 24 350 362 18.4 17.2
Montgomery 828 731 13.3% $511,053 $487,036 4.9% $401,450 $399,900 0.4% 1027 949 2829 2757 3.4 3.8
Prince George's 653 586 11.4% $242,893 $242,381 0.2% $239,900 $225,000 6.6% 998 852 2048 1870 3.1 3.2
Queen Anne's 58 64 -9.4% $343,267 $384,585 -10.7% $288,950 $274,500 5.3% 61 57 557 635 9.6 9.9
Somerset 18 19 -5.3% $113,861 $101,026 12.7% $87,425 $102,500 -14.7% 22 9 242 258 13.4 13.6
St. Mary's 111 79 40.5% $285,761 $241,494 18.3% $295,000 $228,000 29.4% 153 81 735 737 6.6 9.3
Talbot 49 51 -3.9% $610,956 $428,863 42.5% $279,300 $258,100 8.2% 52 52 536 547 10.9 10.7
Washington 118 112 5.4% $165,855 $176,509 -6.0% $148,250 $154,500 -4.0% 133 156 906 894 7.7 8.0
Wicomico 60 61 -1.6% $144,290 $150,717 -4.3% $130,750 $149,900 -12.8% 81 77 604 620 10.1 10.2
Worcester 140 148 -5.4% $270,643 $265,807 1.8% $242,350 $224,500 8.0% 163 129 1588 1853 11.3 12.5
MARYLAND     5,102     4,717 8.2% $307,902 $298,834 3.0% $261,925 $253,735 3.2%     6,617     5,893     28,772     29,144 5.6 6.2
Reported by the MRIS and Coastal Association of REALTORS       NOTE: UNITS ARE THE "UNITS" SOLD, PENDING ARE UNDER CONTRACT

 

 

 

 

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