Maryland Home Sales Improve in February

March 15, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved from January to February in Maryland while home prices edged downward but still remained above last year’s levels according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 3,255 existing single-family homes and condos were sold in the Old Line State in February. That was 5.9 percent higher than the 3,074 homes sold in January and 2.4 percent higher than the 3,179 homes sold in February 20

The median sales price for an existing home in Maryland fell by 3.3 percent in February to $212,301, down from $219,500 in January, but was still 2.0 percent higher than the median price of $208,238 in February of last year.

Of the 24 counties that provide data for the monthly report, 14 of the counties reported gains in home sales over the previous year with Garrett County (+77.8 percent) reporting the largest increase while Somerset County (-72.4 percent) posted the largest monthly decline in sales.

More here.

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