Southern Maryland Real Estate Market
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 in the real estate market, 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 most recent Calvert County and St. Mary's County median statistics are included here:
Calvert County Market Update
Median sales price for year 2019 YTD - $365,585
Median sales price for year 2018 - $350,756
Median sales price improvement 4.228%
St. Mary’s County Market Update
Median sales price for year 2019 YTD- $299,163
Median sales price for year 2018 - $293,888
Median sales price improvement 1.795%
Source: Bright MLS
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.