The latest housing statistics of the Maryland Association of Realtors (MAR) show that homes sales and homes prices increased in May this year.
For the month of May this year, a total of 5,328 home units were sold. This was a 10.5% increase as compared to the 4,822 home units sold in May last year.
Meanwhile, pending units – those still under contract – increased from 6,711 pending units in May 2011 to 7,086 pending units in May this year.
The average price of homes sold in May this year in Maryland was $306,672, a 9.4% increase from the May 2011 average home price of $280,300.
The median price, meanwhile, for homes sold in Maryland last month was $259,207, an 11.1% increase from the May 2011 median home price of $233,223.
Whether you are a first-time home buyer, first-time home seller, empty nester, thinking about selling a home or buying a home, do contact the Guldi Real Estate Group. In Southern Maryland, the Guldi Group is the number one real estate team.