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
2017 Calvert County Real Estate Market Improvement - The Calvert County real estate market continues an upward trend.
The Calvert County Median YTD August 2017 is $315,000 up 10.7%, vs. August YTD 2016 at $284,450
St. Mary’s County Market Update
The August 2017 median sales price YTD for St. Mary's County is $270,000 vs. the 2016 June median of $264,500, up 2.1%
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.