Is the housing market slowing down in Maryland?
Data collected by the Southern Maryland Association of Realtors® shows that home values have increased slower as buyer activity appears to be down. 562 units were sold across the region last month, which is down 31.55% compared to last year.
Is it a good time to buy a house in Maryland?
For some buyers, it could be a great time to buy a house in Maryland right now. Sales prices are decreasing, and low mortgage rates make for a very good deal.
Are home prices rising in Maryland?
Maryland Housing Market Overview
In August 2022, home prices in Maryland were up 3.0% compared to last year, selling for a median price. On average, the number of homes sold was down 21.9% year over year and there were 7,670 homes sold in August this year, down 9,820 homes sold in August last year.