Maryland Real Estate

Maryland State Housing Statistics Released for February 2010

MRIS and CAR released the Maryland housing statistics for February 2010.

Essentially settled units were up almost 20% from 2,348 to 2,809.

The average sales price dropped by 6.6% and active inventory is down about 12% statewide.

Some interesting pieces are that Garrett County-home of Deep Creek Lake and WISP ski resort saw a 56% drop in units sold where it’s polar vacation resort town -Ocean City Maryland and Wicomico County saw an phenominal 70.8% increase in sales.

Maybe it just takes a while for markets to move from one side of the state to the other. Garrett’s inventory level is up while Wicomico’s inventory level is down.

Howard County Statistics for February 2010 Released

Howard County Board of Realtors released the February 2010 Statistics today.

10% less homes hit the market compared to last February pushing the inventory level to a YTD total of 21% less than 2009.

Between $900,000 and one million we saw a 300% increase in homes that went under contract.

All total , 19.3% more homes went under contract last month compared to a year ago.

One nice thing to note is the prices leveled significantly with both Average and Median price points staying very close over the course of the last year!!

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Howard County Housing Statistics Released for January 2010

Howard County Board of Realtors released the housing statistics for the prior month and some interesting trends are revealing themselves!

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Inventory of single family homes spiked by 282 homes. Some of which was caused by sellers wanting to sell before the expiration of the stimulus money at the end of April. It will be interesting what percentage if any of the active listing market will drop on May 1st.

Overall contracts were up 18.9 % and settlements were up 25.3%.

2 homes went pending in the 1.5 million dollar plus range which is great news for a previously very slow upper market.

What’s your prediction of the rest of the year?

Year End Housing Statistics for Howard County Maryland 2009 – bonus look back at 2004-2009

Year End Market Statistics from Howard County Maryland have been released!!! Click here to view them!!

What an interesting year for Howard County real estate. Some of the numbers are to be expected and others are shocking.

24,000 Jobs Slated for Fort Meade and Anne Arundel County Maryland if Alexander is Confirmed

There is a lot of talk in our office today about the potential U.S. Cyber Command come to Ft. Meade. The Washington Post reported that if Lt. Gen. Keith B. Alexander (Director of NSA) is confirmed by the Senate for the post to lead the new cybersecurity unit he will request that it will be located in Ft. Meade. This would bring 24,0o0 to 28,0000 jobs to our area. Some fear that the command will be hosted in California, Texas or Massachusetts. Click here for the article.

Toll Brothers Homes Unleashes 31 Lots on Old Dale Thompson Builders Foreclosed Land

Maryland Housing Statistics Released for October 2009

In reviewing the October housing statistics for Maryland I noticed several things:

Maryland Homebuyers May Get Tax Credit Extension Until June 2010

Senate Passes Bill Now to Congress

Home Buyer Credit Extension in Sight

A tax credit extension looks to be in sight.

Howard County Housing Statistics for September 2009 Released!!!

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