You will not find this information anywhere else. Median sale price of homes by Zip Code and City. Data from MLS. Prepared by TOBIN SEVEN, Principal Broker / Army Veteran.
Quick summary of DMV (DC, MD and VA):
MARYLAND housing market is significantly getting more expensive---9.1% appreciation versus previous 7.2% appreciation. Reason is due to low inventory of homes for sale in MARYLAND and concern home interest rates are going to rise---and they are rising, almost daily.
WASHINGTON DC is rebounding. Current appreciation is 6.6%. This is huge increase from two months ago when DC experienced negative appreciation.
NORTHERN VIRGINIA market is cooling down to 6.7% from previous 7.1%annual increase.
Tobin's note: Median price of home today in MARYLAND is $430,000. Same home 12 months ago would have cost $394,000. Increase of $36,000 over 12 months.You would have to save $3,000 each month to buy same home you saw 12 months previously.
TOBIN SEVEN, Principal Broker, Army Veteran.
Licensed in Virginia, Maryland and DC. Eagle Scout
SEVEN REAL ESTATE ASSOCIATES
Veteran Owned and Operated.
Cell (703) 327-6800
Below, are links to useful Housing information. For DMV (DC, Maryland and Virginia).
Archiveof past monthly reports for Northern VA, Maryland and DC.
See below. Interesting---most retirees get the bulk of their savings for retirement from sale of their family home.
See below. Last week, the average 30-year fixed rate mortgage from Freddie Mac jumped from 3.22% to 3.45%. That's the highest point in almost two years. If you are thinking of buying a home---act now, before home interest rates go up again.
See chart below: MARYLAND (see below). Supply of homes is at 5-year low. This data shows "tight" inventory and it is getting tighter.
See "gold" and "orange" dials below. SUMMARY: Seller's Market.
See chart below. MARYLAND home prices are significantly increasing. Now 9.1% annual appreciation vs. previous 7.2% increase. Note: inflation for previous 12 months was 7%.
See chart below. MARYLAND saw a decrease in number of homes sold this year when compared to 2020. Why? Not enough inventory of homes to buy.
See chart below---by Zip Code and Corresponding City
The 72 zip codes/communities in MARYLAND experienced an increase in appreciation of 9.1%.
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.comarchive goes back several years.
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NEW WINTER edition. See below. 24-page FREE booklet on important things to consider when BUYING a home. Click here to download pdf 24-page booklet. Download is safe.
NEW WINTER edition. See below. 20-page FREE booklet on important things to consider when SELLING a house. Click here to download pdf 20-page booklet. Download is safe.
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES LLC is Veteran Owned and Operated.
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