October data released by the Maryland Association of REALTORS® (MAR) reveal
continued strength in the state’s real estate market. The number of homes sold in October increased a robust 18.9 percent from the same time period in 2012, from 4,313 in 2012 to 5,128 in 2013. Average and median prices increased 6.7 percent and 7.0 percent, respectively, with average price climbing $18,851 and median price up by $16,819.
“We are extremely pleased at the solid increase in home sales,” said MAR President Russ Boyce. “Increases in average and median prices also continue strong, and higher levels of homes under contract and active inventory indicate a healthy real estate market,“ he noted. Boyce went on to add, “The current inventory stands at 5.3 months, which is yet another sign that this is a strong market.”
Information From Maryland Association of REALTORS®
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment