Many economists believe that the business climate won’t turn around until the housing market stablizes. Locally there are some positive trends emerging despite the end of the first-time buyer tax credit.
According the The Long & Foster Market Minute Report the central Maryland real estate market, including Anne Arundel, Calvert, Howard, Queen Anne’s and Prince George’s counties, has continued to experience a number of positive trends compared to June of last year.
The numbers for June 2010 shown below are as compared to June 2009:
Anne Arundel
- 556 units sold, up 6%
- 4,010 units in active inventory, down 5%
- $324,000 median sales price, up 6%
- Sold units on the market for 87 days, a decrease of 9%
Calvert
- 101 units sold, up 15%
- 989 units in active inventory, unchanged
- $290,000 median sales price, down 12%
- Sold units on the market for 77 days, a decrease of 23%
Howard
- 337 units sold, up 2%
- 1,627 units in active inventory, down 2%
- $390,000 median sales price, up 12%
- Sold units on the market for 53 days, down 26%
Queen Anne’s
- 61 units sold, up 30%
- 781 units in active inventory, up 7%
- $300,000 median sales price, up 7%
- Sold units on the market for 151 days, down 6%
Prince George’s
- 862 units sold, up 46%
- 4,777 units in active inventory, down 30%
- $187,750 median sales price, down 17%
- Sold units on the market for 67 days, down 30%.
Reports for other Maryland Counties can be found at: http://www.longandfoster.com/Market-Conditions/Market-Minutes.aspx
