MARYLAND housing stats

HOUSING INVENTORY STATISTICS for
MARYLAND
(All 71 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): 1 DOWN and 2 UP.
  • MARYLAND housing market has reduced appreciation somewhat---9.5% appreciation versus previous month's 12.3% appreciation. ....still high!
  • WASHINGTON DC is plunging rapidly. Current appreciation is 3.9%. This is huge decrease from last month when DC experienced 7.5% appreciation. Inflation was 7.9% in past 12 months.
  • NORTHERN VIRGINIA market continues to skyrocket upward, now at 12.3% from previous 9.4% annual increase. ......Yikes!
  • NOTE: inflation is running at an annual rate of 8.5%. We should expect home prices to at least match the annual inflation rate.
Tobin's note: Median price of home today in MARYLAND is $451,000.
  • Same home 12 months ago would have cost $412,00.
  • Increase of $30,000 over 12 months.
  • You would have to save $3,250 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).
See below. Really bad news. In last 14 years the largest Fed rate increase was 1/4 point (25 basis points). Now we have confirmation from the Federal Reserve Chairman that in May we will have a 1/2 point (50 basis points) increase.
  • May---50 basis points increase. See article below.

Newest rumor is that the following next two monthly rate increases may be 3/4 points each (75 basis points). Conclusion---if you are thinking of buying---buy now.
  • June---75 basis points increase
  • July---75 basis points increase
See below. Not good news. Home interest rates have doubled since January 2021.
See below. Even with rising home interest rates---inventory of homes for sale is at a 10-year low. Shortage of homes for sale will cause home price appreciation to remain high. Zillow predicts next 12 months will see, nationwide, homes to appreciate by 14.9%. .....yikes!
See chart below: MARYLAND (see below). Homes for sale are scarce.
See "gold" and "orange" dials below. SUMMARY: Seller's Market.

See chart below. MARYLAND home prices are still rising fast---although price increase has moderated somewhat.
  • Now 9.5% annual appreciation vs. previous 12.3%.
  • Note: inflation for previous 12 months was 8.5%.
See chart below. MARYLAND saw a decrease in number of homes sold this year when compared to 2021. Why? Not enough inventory of homes to buy.
See chart below---by Zip Code and Corresponding City
The 101 zip codes/communities in MARYLAND experienced an increase in appreciation of Only 3.9% in past 12 months. Inflation was 8.5%.
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.com archive goes back several years.






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Regards,
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.
Voted Top 8% of all Real Estate Agents in USA (2022 - 2018)
Cell: (703) 327-6800, Email: Tobin@SoldBySeven.com,