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Maryland Home Sales Edge Higher in August
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You're Now Reading:
Maryland Home Sales Edge Higher in August
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Maryland Home Sales Edge Higher in August
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October 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums edged slightly higher in Maryland during August while monthly home prices fell for the second consecutive month according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,230 existing single-family homes and condos were sold in the Old Line State in August. That was 108 sales higher than the 5,122 homes sold in July and was 9.6 percent higher than the 4,772 homes sold in August 2011.

The median sales price for an existing home in Maryland fell by 2.4 percent in August to $255,498, up from $261,722 in July but was still 5.9 percent higher than the median price of $241,305 in August of last year.

Of the 24 counties and cities that provide data for the monthly report, sixteen reported gains in home sales or were unchanged over the previous year with Queen Anne’s County (+23.7 percent) reporting the largest increase of counties with over 20 sales while Allegany County (-33.3 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 934 home sales, down from 972 the previous month, while Prince George’s County followed with an estimated 702 home sales for the month, down slightly from 712 in July.

Year-over-year, seventeen counties or cities posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Baltimore City (+43.2 percent) with Cecil County (-10.2 percent) posting the largest decline in prices of counties or cities that had a minimum of 20 sales.

Housing inventory continued to be tight in the state as the total number of homes for sale fell again in August with 26,857 homes actively available. That’s down from 27,309 in July and down from 36,501 in August of 2011.

The increase in sales and the dwindling inventory left the state with an average 5.1 months supply of homes available for purchase, down from a 5.3 months supply in July and also down from a 7.6 months supply a year earlier.

Tags: Maryland real estate, existing homes, condos, sales, median home prices

Source:
MAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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Tips
Home Selling
Tips
About
Mortgages
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Calculator
Mortgage
Rates

October 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums edged slightly higher in Maryland during August while monthly home prices fell for the second consecutive month according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,230 existing single-family homes and condos were sold in the Old Line State in August. That was 108 sales higher than the 5,122 homes sold in July and was 9.6 percent higher than the 4,772 homes sold in August 2011.

The median sales price for an existing home in Maryland fell by 2.4 percent in August to $255,498, up from $261,722 in July but was still 5.9 percent higher than the median price of $241,305 in August of last year.

Of the 24 counties and cities that provide data for the monthly report, sixteen reported gains in home sales or were unchanged over the previous year with Queen Anne’s County (+23.7 percent) reporting the largest increase of counties with over 20 sales while Allegany County (-33.3 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 934 home sales, down from 972 the previous month, while Prince George’s County followed with an estimated 702 home sales for the month, down slightly from 712 in July.

Year-over-year, seventeen counties or cities posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Baltimore City (+43.2 percent) with Cecil County (-10.2 percent) posting the largest decline in prices of counties or cities that had a minimum of 20 sales.

Housing inventory continued to be tight in the state as the total number of homes for sale fell again in August with 26,857 homes actively available. That’s down from 27,309 in July and down from 36,501 in August of 2011.

The increase in sales and the dwindling inventory left the state with an average 5.1 months supply of homes available for purchase, down from a 5.3 months supply in July and also down from a 7.6 months supply a year earlier.

Tags: Maryland real estate, existing homes, condos, sales, median home prices

Source:
MAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

October 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums edged slightly higher in Maryland during August while monthly home prices fell for the second consecutive month according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,230 existing single-family homes and condos were sold in the Old Line State in August. That was 108 sales higher than the 5,122 homes sold in July and was 9.6 percent higher than the 4,772 homes sold in August 2011.

The median sales price for an existing home in Maryland fell by 2.4 percent in August to $255,498, up from $261,722 in July but was still 5.9 percent higher than the median price of $241,305 in August of last year.

Of the 24 counties and cities that provide data for the monthly report, sixteen reported gains in home sales or were unchanged over the previous year with Queen Anne’s County (+23.7 percent) reporting the largest increase of counties with over 20 sales while Allegany County (-33.3 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 934 home sales, down from 972 the previous month, while Prince George’s County followed with an estimated 702 home sales for the month, down slightly from 712 in July.

Year-over-year, seventeen counties or cities posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Baltimore City (+43.2 percent) with Cecil County (-10.2 percent) posting the largest decline in prices of counties or cities that had a minimum of 20 sales.

Housing inventory continued to be tight in the state as the total number of homes for sale fell again in August with 26,857 homes actively available. That’s down from 27,309 in July and down from 36,501 in August of 2011.

The increase in sales and the dwindling inventory left the state with an average 5.1 months supply of homes available for purchase, down from a 5.3 months supply in July and also down from a 7.6 months supply a year earlier.

Tags: Maryland real estate, existing homes, condos, sales, median home prices

Source:
MAR

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.