MARYLAND housing stats

HOUSING INVENTORY STATISTICS for
MARYLAND
(All 74 zip codes/communities)

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 / Eagle Scout.
Quick summary of DMV (DC, MD and VA): MARYLAND and NORTHERN VA appreciation rapidly slowing, but much higher than DC. DC has weak home price appreciation.

  • MARYLAND housing market appreciation has plunged! Down almost 75% from 2 month's ago. Clearly now a Buyer's market.
  • Now +2.8% appreciation
  • Was +8.7% in June
  • +9.9% appreciation in May.
  • NORTHERN VIRGINIA housing market now BUYER's market. Price increases are slowing down.
  • Home appreciation now at +4.9%.
  • +6.1% home price appreciation in June.
  • +9.5% in May.
  • WASHINGTON DC home appreciation in past 12 months is up only +3.6%. Previous negative annual -5.3%

  • Tobin's NOTE: inflation is running at an annual rate of 8.5%. Despite what the Government says---I am seeing a recession in the housing market. Home prices are still increasing, however, annual appreciation has slowed a lot. For the first time in 2 years, my Buyers are able to ask for help with closing costs and we are able to do a full Home Inspection (and ask for repairs). It is becoming a BUYER's market.
Tobin's NOTE: Median price of home today in MARYLAND is $465,000. A 2.8% annual increase.
  • Same home 12 months ago would have cost $452,500.
  • You would pay $1,041.67 a month extra, 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).
See below. There is an alternative if you do not want to buy a Home. You can always rent an Apartment---however, not the one below.
See below. And Federal Reserve Chairman last Friday (2 days ago) said "there will be pain", as interest rates are going to continue rising to combat high inflation. This is why stock market dropped over 1,000 points on Friday.

If you are thinking of buying---don't wait.
See below. Interesting information. Chart shows there is a cost to waiting to buy your home.
See below. The inventory of homes for sale---is increasing! Reflects a "Buyer's" market.
See chart below: MARYLAND has an excess inventory of homes for sale.
See "gold" and "orange" dials below. SUMMARY: Buyer's Market.

  • See chart below. MARYLAND home price appreciation:
  • continues to decline. Appreciation has reduced by almost 75% from appreciation of two months ago.
  • housing inventory continues to increase.
  • Producer price index (PPI) up 9.8%---ouch. PPI is a predictor of future Consumer Price Index rise.
  • CPI (consumer price index) is 8.5%.
See chart below. MARYLAND saw a significant decrease in number of homes sold this year when compared to 2021. Why?
  • buyer's are sitting on sidelines and are not buying
  • increasing home interest rates.
See chart below---by Zip Code and Corresponding City
The 74 zip codes/communities in MARYLAND experienced weak annual appreciation of 2.8%.
  • Inflation is 8.5%. Consumer Price Index (CPI)
  • Producer Price Index is 9.8% (PPI)
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.com archive goes back several years.






NEW. See to the right. Looking for recipes of food to make? Latest home improvement and designer tips? 6 times a year, Tobin offers a high quality 30+ page magazine. Download pdf of latest magazine. Download is safe.
SUMMER 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.
SUMMER edition. See below. 23-page FREE booklet on important things to consider when SELLING a house. Click here to download pdf 20-page booklet. Download is safe.
Regards,
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES® is Veteran Owned and Operated.
Voted Top 8% of all Real Estate Agents in USA (2022 - 2018)
Cell: (703) 327-6800
Website: www.SoldBySeven.com,