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
         Average Sales Price      Median Sales Price        Average #            DOM

 2020-21    $396,025                     $355,000                   171                      39
 2019          $366,150                     $331,000                   134.0                  59

Change      +8.16%                       +7.25%                  +27.61%              -33%

 

 St. MARY’S COUNTY
         Average Sales Price      Median Sales Price        Average #            DOM

2020-21   $339,703                       $320,000                 184                       34
2019        $301,112                       $285,000                  174.0                    53

Change   +12.82%                       +12.28%                   +5.75%              -36%

   

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.