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HomeBlogBusiness BlogReal Estate in Central Maryland Showing Positive Trends in June 2010

Real Estate in Central Maryland Showing Positive Trends in June 2010

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

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