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New Maryland Real Estate Statistics show Howard, Anne Arundel and Baltimore Counties UP and Caroline and Garrett Counties DOWN

The Maryland State Association of Realtors released it’s May 2010 statistics today.

Prince Georges County showed the most significant increase in sales with a 61.7 % increase in pending units sold. P.G. County home sales surged from 494 last May to 799 this year.

Howard, Baltimore and Anne Arundel Counties all showed decent gains in units sold.

Garrett County, home to Deep Creek Lake showed a nasty 32% drop in home sales showing that the 2nd home buyer is slipping away in a cash strapped economy.

Average sales prices continued to decline:

5% Drop May 2009 -May 2010

11.8% Drop May 2009-May 2008

5.5% Drop May 2008 -May 2007

In May 2007 the average sale price was $366,072 compared to this May’s average sales price of $289,900

Big Question is  will 2011 show an increase or a continued decline?

Please weigh in!!!!……

This entry was posted on Friday, June 25th, 2010 at 2:35 pm and is filed under Anne Arundel County, Buyer Info, Community News and Events, First Time Buyers, How's the Market, Howard County Market Statistics, Maryland State Housing Statistics, Residential Real Estate News, Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. DIY Investor said at June 25th, 2010 at 4:05 pm

   It’s good to see at least some of the local numbers holding in given the weakness in the national numbers. I’m a bit nervous with the problems facing state and local governments. We have to start putting people to work at a greater rate or we may face a double dip.
   In Howard County there seems to be a lot of building going on.

2. Steve Ricklin said at June 25th, 2010 at 5:54 pm

   Mike,
   How much of this super May in Anne Arundel and P.G. County is part of the stimulus tax package? The same silly stuff that put PG County in the predicament it’s in today!!!!!
   Mike, What does June and July look like based on homes selling now?
   Steve

3. Andrew Eiswert said at June 26th, 2010 at 1:19 pm

   Unit sales were down in Garrett County – Home of Deep Cree Lake – Mike, but pending sales were equal and the average price up 59%! And the median price up 95%!!! Keep the faith people, the world didn’t end and there is a lot of pent up demand just shaking with anticipation of the slightest confidence in the economy. These mortgage rates may be the lowest in the history of the universe and over 1.3 million new households every year normally, they can’t continue to just move back in with ma and pop. We”’ be in choppy waters for a while but keep your eyes on the horizon.

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