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Maryland Home Sales Improve in February
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Maryland Home Sales Improve in February
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Maryland Home Sales Improve in February
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March 15, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved from January to February in Maryland while home prices edged downward but still remained above last year’s levels according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 3,255 existing single-family homes and condos were sold in the Old Line State in February. That was 5.9 percent higher than the 3,074 homes sold in January and 2.4 percent higher than the 3,179 homes sold in February 2011.

The median sales price for an existing home in Maryland fell by 3.3 percent in February to $212,301, down from $219,500 in January, but was still 2.0 percent higher than the median price of $208,238 in February of last year.

Of the 24 counties that provide data for the monthly report, 14 of the counties reported gains in home sales over the previous year with Garrett County (+77.8 percent) reporting the largest increase while Somerset County (-72.4 percent) posted the largest monthly decline in sales.

Prince George’s County recorded the most sales for the month with an estimated 540 home sales, up from 526 the previous month, while Montgomery County followed with an estimated 505 home sales for the month, down slightly from 530 in January.

Year-over-year, 10 counties posted an increase in their median prices led by Calvert County (+112.3 percent) with Dorchester County (-30.7 percent) posting the largest decline in prices.

The total number of homes available for sale continued to decline in February with 27,147 homes actively available. That’s down from 27,660 in January and from 36,605 in February of 2011.

The dwindling inventory left the state with an average 8.3 months supply of homes available for purchase, down from a 9.0 months supply in January and also down from an 11.2 months supply a year earlier.

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

Source:
MAR

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March 15, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved from January to February in Maryland while home prices edged downward but still remained above last year’s levels according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 3,255 existing single-family homes and condos were sold in the Old Line State in February. That was 5.9 percent higher than the 3,074 homes sold in January and 2.4 percent higher than the 3,179 homes sold in February 2011.

The median sales price for an existing home in Maryland fell by 3.3 percent in February to $212,301, down from $219,500 in January, but was still 2.0 percent higher than the median price of $208,238 in February of last year.

Of the 24 counties that provide data for the monthly report, 14 of the counties reported gains in home sales over the previous year with Garrett County (+77.8 percent) reporting the largest increase while Somerset County (-72.4 percent) posted the largest monthly decline in sales.

Prince George’s County recorded the most sales for the month with an estimated 540 home sales, up from 526 the previous month, while Montgomery County followed with an estimated 505 home sales for the month, down slightly from 530 in January.

Year-over-year, 10 counties posted an increase in their median prices led by Calvert County (+112.3 percent) with Dorchester County (-30.7 percent) posting the largest decline in prices.

The total number of homes available for sale continued to decline in February with 27,147 homes actively available. That’s down from 27,660 in January and from 36,605 in February of 2011.

The dwindling inventory left the state with an average 8.3 months supply of homes available for purchase, down from a 9.0 months supply in January and also down from an 11.2 months supply a year earlier.

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

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.

March 15, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved from January to February in Maryland while home prices edged downward but still remained above last year’s levels according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 3,255 existing single-family homes and condos were sold in the Old Line State in February. That was 5.9 percent higher than the 3,074 homes sold in January and 2.4 percent higher than the 3,179 homes sold in February 2011.

The median sales price for an existing home in Maryland fell by 3.3 percent in February to $212,301, down from $219,500 in January, but was still 2.0 percent higher than the median price of $208,238 in February of last year.

Of the 24 counties that provide data for the monthly report, 14 of the counties reported gains in home sales over the previous year with Garrett County (+77.8 percent) reporting the largest increase while Somerset County (-72.4 percent) posted the largest monthly decline in sales.

Prince George’s County recorded the most sales for the month with an estimated 540 home sales, up from 526 the previous month, while Montgomery County followed with an estimated 505 home sales for the month, down slightly from 530 in January.

Year-over-year, 10 counties posted an increase in their median prices led by Calvert County (+112.3 percent) with Dorchester County (-30.7 percent) posting the largest decline in prices.

The total number of homes available for sale continued to decline in February with 27,147 homes actively available. That’s down from 27,660 in January and from 36,605 in February of 2011.

The dwindling inventory left the state with an average 8.3 months supply of homes available for purchase, down from a 9.0 months supply in January and also down from an 11.2 months supply a year earlier.

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

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.