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Maryland Home Sales Edge Higher in August
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Maryland Home Sales Edge Higher in August
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Maryland Home Sales Edge Higher in August

October 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums edged slightly higher in Maryland during August while monthly home prices fell for the second consecutive month according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,230 existing single-family homes and condos were sold in the Old Line State in August. That was 108 sales higher than the 5,122 homes sold in July and was 9.6 percent higher than the 4,772 homes sold in August 2011.

The median sales price for an existing home in Maryland fell by 2.4 percent in August to $255,498, up from $261,722 in July but was still 5.9 percent higher than the median price of $241,305 in August of last year.

Of the 24 counties and cities that provide data for the monthly report, sixteen reported gains in home sales or were unchanged over the previous year with Queen Anne’s County (+23.7 percent) reporting the largest increase of counties with over 20 sales while Allegany County (-33.3 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 934 home sales, down from 972 the previous month, while Prince George’s County followed with an estimated 702 home sales for the month, down slightly from 712 in July.

Year-over-year, seventeen counties or cities posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Baltimore City (+43.2 percent) with Cecil County (-10.2 percent) posting the largest decline in prices of counties or cities that had a minimum of 20 sales.

Housing inventory continued to be tight in the state as the total number of homes for sale fell again in August with 26,857 homes actively available. That’s down from 27,309 in July and down from 36,501 in August of 2011.

The increase in sales and the dwindling inventory left the state with an average 5.1 months supply of homes available for purchase, down from a 5.3 months supply in July and also down from a 7.6 months supply a year earlier.

Tags: Maryland real estate, existing homes, condos, sales, median home prices

Source:
MAR

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

October 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums edged slightly higher in Maryland during August while monthly home prices fell for the second consecutive month according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,230 existing single-family homes and condos were sold in the Old Line State in August. That was 108 sales higher than the 5,122 homes sold in July and was 9.6 percent higher than the 4,772 homes sold in August 2011.

The median sales price for an existing home in Maryland fell by 2.4 percent in August to $255,498, up from $261,722 in July but was still 5.9 percent higher than the median price of $241,305 in August of last year.

Of the 24 counties and cities that provide data for the monthly report, sixteen reported gains in home sales or were unchanged over the previous year with Queen Anne’s County (+23.7 percent) reporting the largest increase of counties with over 20 sales while Allegany County (-33.3 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 934 home sales, down from 972 the previous month, while Prince George’s County followed with an estimated 702 home sales for the month, down slightly from 712 in July.

Year-over-year, seventeen counties or cities posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Baltimore City (+43.2 percent) with Cecil County (-10.2 percent) posting the largest decline in prices of counties or cities that had a minimum of 20 sales.

Housing inventory continued to be tight in the state as the total number of homes for sale fell again in August with 26,857 homes actively available. That’s down from 27,309 in July and down from 36,501 in August of 2011.

The increase in sales and the dwindling inventory left the state with an average 5.1 months supply of homes available for purchase, down from a 5.3 months supply in July and also down from a 7.6 months supply a year earlier.

Tags: Maryland real estate, existing homes, condos, sales, median home prices

Source:
MAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

October 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums edged slightly higher in Maryland during August while monthly home prices fell for the second consecutive month according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,230 existing single-family homes and condos were sold in the Old Line State in August. That was 108 sales higher than the 5,122 homes sold in July and was 9.6 percent higher than the 4,772 homes sold in August 2011.

The median sales price for an existing home in Maryland fell by 2.4 percent in August to $255,498, up from $261,722 in July but was still 5.9 percent higher than the median price of $241,305 in August of last year.

Of the 24 counties and cities that provide data for the monthly report, sixteen reported gains in home sales or were unchanged over the previous year with Queen Anne’s County (+23.7 percent) reporting the largest increase of counties with over 20 sales while Allegany County (-33.3 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 934 home sales, down from 972 the previous month, while Prince George’s County followed with an estimated 702 home sales for the month, down slightly from 712 in July.

Year-over-year, seventeen counties or cities posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Baltimore City (+43.2 percent) with Cecil County (-10.2 percent) posting the largest decline in prices of counties or cities that had a minimum of 20 sales.

Housing inventory continued to be tight in the state as the total number of homes for sale fell again in August with 26,857 homes actively available. That’s down from 27,309 in July and down from 36,501 in August of 2011.

The increase in sales and the dwindling inventory left the state with an average 5.1 months supply of homes available for purchase, down from a 5.3 months supply in July and also down from a 7.6 months supply a year earlier.

Tags: Maryland real estate, existing homes, condos, sales, median home prices

Source:
MAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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