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): MD is significantly higher than last month.

  • MARYLAND housing market appreciation shot up!
  • 9.9% appreciation versus previous month's 9.2% appreciation.....and rising!
  • Note, inflation is 8.6%. With low inventory of homes for sale---home prices should be at---or higher than inflation.
  • NORTHERN VIRGINIA housing market has appreciated and is now almost same price as Washington DC.
  • Now at 9.5%......Yikes!
  • WASHINGTON DC home appreciation continues to decline.
  • Current appreciation is 5.9%.
  • Large decrease from three months ago when DC experienced 12.3% appreciation.
  • NOTE: inflation is running at an annual rate of 8.6%. With low inventory, we should expect home prices to at least match the annual inflation rate.
Tobin's note: Median price of home today in MARYLAND is $490,000.
  • Same home 12 months ago would have cost $446,000.
  • Increase of $44,000 over 12 months.
  • You would have to save $3,667 each month to buy same home you saw 12 months previously. (Tobin's note, this is crazy!).
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. Due to historically low inventory of homes for sale---homes are not going to depreciate in value. Because of rising interest rates---homes price appreciation will slow.
See below. Did you buy Crypto currency? Or stocks? How is that working for you?
  • Conclusion. People need homes to live in. Homes will continue to be a solid investment.
See below. As inflation rises---so will home values.
See chart below: MARYLAND has very low inventory of homes for sale. 5+ year low of home inventory. (Tobin's note, MARYLAND is a Seller's market).
See "gold" and "orange" dials below. SUMMARY: Seller's Market.

See chart below. MARYLAND home price continue to outpace the rate of inflation. Inflation is 8.6%. Maryland price appreciation is 9.9%.
  • Producer price index (PPI) up 10.8%---ouch. PPI is a predictor of future Consumer Price Index rise. From the PPI data---I would say next month's inflation will be higher than current 8.6% rate.
See chart below. MARYLAND saw a decrease in number of homes sold this year when compared to 2021. Why? Buyer's are sitting on sidelines and are not buying.
See chart below---by Zip Code and Corresponding City
The 74 zip codes/communities in MARYLAND experienced an increase in appreciation of 9.9% in past 12 months.
  • Inflation is 8.6%.
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,
Website: www.SoldBySeven.com,