Southern Maryland Real Estate Market
Although the current real estate market is very different from any market ever experienced, there is one aspect of real estate that holds true regardless of real estate market conditions -
Real Estate is LOCAL.
The media presents a very generalized picture of what is occurring, many times basing reporting on overall national statistics. Depending on the real estate market, national statistics may have very little or no relevance to what is occurring in a particular local market.
The Calvert County and St. Mary's County median statistics per Real Estate Business Intelligence are included here.
Calvert County Market Update
The Calvert County Median YTD December 2017 is $315,000 up 9.9%, vs. December YTD 2016 at $286,500
St. Mary’s County Market Update
The December 2017 median sales price YTD for St. Mary's County is $274,950 vs. the 2016 December median of $266,178, up 3.3%
Source: SmartCharts MarketStats by Showing Time, MRIS
It is important for buyers and sellers to remember that these figures are overall statistics for Calvert and St. Mary's counties and that there are communities within those counties that are seeing marked improvement - buyers need to act on prime properties as sellers are seeing improved prices in many communities.