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 housing market. Home property prices are still strong.DC market has crashed---with home prices going up less than 1% for last 12 month. NORTHERN VIRGINIA home price increase has decreased by 2/3 in past few months. MARYLAND market is strong due to a lack of inventory of homes for sale.
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).
NOTE: If you would like someone else to automatically receive my Monthly Housing Statistics Reports for NORTHERN VIRGINIA, MARYLAND and DC---just reply to this email with their name and email address.
See map below. Average home equity in past 12 months increased by $46K in MARYLAND, $50K in VIRGINIA and $45K in DC. This is exactly why you should own your home and not rent. What does a Renter get---increase in rent.
Tobin's note: You would have to save $2,892 a month ($34,700 total) to buy same home you saw 12 months ago. 8.6% annual increase.
See chart below:
MARYLAND (see below). Number of Homes for sale (active listings) is increasing and "months of supply" is low (at almost 5-year low).
See "gold" and "orange" dials below. SUMMARY: SELLER'S Market.
See chart below. 1st time in many years that home sales are down from previous year. Reason is lack of home inventory.
See chart below. Median sold price is 8.6% higher in past 12 months. MARYLAND has continued to see high median price inflation. This is the opposite of DC and NORTHERN VIRGINIA.
See chart below. Americans continue to view home ownership as the best long term investment.
See chart below---by Zip Code and Corresponding City
The 76 zip codes/communities in MARYLAND are reporting a high increase in value, due to home appreciation of 8.6% in past 12 months.
Note, median home values that went up or down by 30%+ are shown in red.
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.comArchive 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 new high quality 30+ page magazine.Download pdfof latest magazine.
NEW FALL 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 FALL 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.
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 (2021 - 2018)
