Northern Maryland Real Estate Market – December 2012
Inventory is low, sales are steady, ending the year on a positive note. Sales year-over-year grew, average (+11%) and median (+12%) prices rose, and the supply has continued to diminish to equal the supply of houses in August 2005.
The low supply and increase in demand is putting upward pressure on prices. Underwriting guidelines for new mortgages is becoming more uniform.
The only question is the uncertainty from Washington… debt ceilings, jobs, and Taxes.
Watch the MRIS Regional Real Estate Market Video for details:
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