House Prices Still High

Hi everyone,
Just an update on the market here in Maryland. In looking at the MRIS data for May, 2004, prices are still up about 35% of what they were last year. Average list price for Howard County last May was $270,874 - this May it was $367,831. Lower priced houses are still selling generally above asking price. Anything under about $350,000 is flying off the market with multiple offers. Houses $350,000 and up are staying on the market a little longer and selling at about 99% of asking price. There were 661 new listings for May and 530 houses marked Under Contract, so we still don't have a lot of inventory. If you are thinking of moving, just give us a call or email us - we can help you with buying or selling a home - not just in Maryland, but anywhere in the world!