How is the market? Average and median sales prices are up in DC, Montgomery and PG county for Jan-July 2020.

 

Maryland Real Estate. If we look at Maryland as a whole we see similar trends as well.

“While real estate remains a bright spot in this pandemic economy, our ongoing concern is with the increasingly tight inventory. July’s months of available inventory—homes placed on the market—continued to tighten to 1.6 months compared to 3.5 months last year,” said Maryland REALTORS® President John A. Harrison. “This economy certainly has buyers for real property, but we need more sellers to balance the market.”

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