August 13, 2012 (Chris Moore)
Monthly sales of existing single-family homes and condominiums fell in Maryland during June as a shrinking housing inventory left buyers with fewer choices according to the latest housing data from the Maryland Association of Realtors® (MAR).
An estimated total of 5,122 existing single-family homes and condos were sold in the Old Line State in June. That was 3.9 percent lower than the 5,328 homes sold in May but was still 3.5 percent higher than the 4,949 homes sold in June 2011.
The median sales price for an existing home in Maryland increased by 1.0 percent in June to $261,772, up from $259,207 in May and was 7.8 percent higher than the median price of $242,796 in June of last year.
Of the 24 counties and cities that provide data for the monthly report, thirteen reported gains in home sales or were unchanged over the previous year with Talbot County (+68.2 percent) reporting the largest increase of counties with over 20 sales while Garrett County (-20.0 percent) posted the largest monthly decline in sales.
More here.
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