Crownsville, MD – The median price of homes for sale in Maryland rose nearly six percent in January over January 2013, and seven jurisdictions including Baltimore City recorded double-digit growth in sales, according to the Maryland Housing Beat, DHCD’s monthly profile of the state’s housing market.
Vol. 3 Issue 2 – reflecting statistical data from January – can be viewed by visiting DHCD’s website at Mdhousing.org or by clicking here to download a PDF version.
The supply of homes for sale remained very tight, according to the report. The tight supply should help maintain upward pressure on home prices in the coming months, encouraging seller participation in the housing market. Homes for sale spent an average 79 days on the market, a significant improvement on February 2009 when they averaged 141 days.
Maryland Housing Beat is an in-depth review of housing-related data compiled by DHCD’s Office of Research and Statistical Analysis from a broad range of sources, including the National Association of Realtors and the Maryland Association of Realtors; Freddie Mac; the Mortgage Bankers Association and RealtyTrac. Maryland Housing Beat is a monthly publication of DHCD’s Office of Communications and Marketing.