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 MARYLAND, NORTHERN VA and DC:
MARYLAND housing market is getting stronger---SELLER'S MARKET. You would have to save $3,617 per month to buy the same home you saw 12 months previously. Reason for 10.7% appreciation is due to low inventory of homes for sale in MARYLAND.
In contrast, DC market has crashed with an annual decline of 4.3%.
NORTHERN VIRGINIA market experienced 8.5% annual increase.
TOBIN SEVEN, Principal Broker, Army Veteran.
Licensed in Virginia, Maryland and DC. Eagle Scout
SEVEN REAL ESTATE ASSOCIATES
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Below, are links to useful Housing information. For DMV (DC, Maryland and Virginia).
See below. Median number of years a home owner owns their home has dropped, a lot. Today median ownership is only 8 years.
See below. Graph shows number of showings for homes for sale. The higher the number, the more interest and activity in buying a home. Reason September 2021 dropped from prior October---due to not enough homes to buy.
Tobin's note: Median price of home today in MARYLAND is $570,000. Same home 12 months ago would have cost $525,000. Increase of $45,000 over 12 months or a monthly increase of $2,208.33.
See chart below: MARYLAND (see below). Very limited number of Homes for sale. Home inventory at a 5-year low.
See "gold" and "orange" dials below. SUMMARY: BUYER'S Market.
See chart below. Sales are down from last year. Reason for decline---MARYLAND market does not have enough homes for sale.
See chart below. MARYLAND home prices are strong and are appreciating at an annual rate of 10.7%. There is not enough inventory of homes for sale as homes are selling in 9 days.
See chart below---by Zip Code and Corresponding City
The 76 zip codes/communities in MARYLAND are reporting a large increase in value. Home appreciation was up 10.7% in past 12 months.
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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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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