Winter 2012 Market Update
Maryland has enjoyed steady growth over the last 3 years in the Real Estate Market.

Average Home Price $325,000 - View Graph Trend
Average Price Compared to Last Year Up 10-15%
Average Time on Market 30-60 days
Prices As % of Asking Price 95-100%
Market Trend Increasing
Buyers’ or Sellers’ Market More buyers than sellers
Multiple Offers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity First-Time Buyers
Reason to Buy/Sell
Housing Hot SpotsFt. Meade, Columbia, Bel Air, and Ellicott City
Average Sold Price $325,000 - View Graph Trend

Fort Meade Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Barry Hess
Keller Williams- Flagship of Maryland
Keller Williams- Flagship of Maryland

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