In the latest housing market update, Maryland has seen a significant increase in home sales compared to the previous year, marking the first year-over-year spike in nearly three years. This surge in sales activity has had a positive impact on property prices, with the average sales price jumping by 7.5% to $500,968 and the median sales price increasing by 5.1% to $415,000.
Key points:
– Maryland experienced a noteworthy increase in home sales compared to the previous year
– Average sales price rose by 7.5% to $500,968
– Median sales price grew by 5.1% to $415,000
– This uptick in sales activity marks the first year-over-year spike in nearly three years for the state.
You can read this full article at: https://wrenews.com/maryland-records-first-year-over-year-spike-in-monthly-home-sales-in-nearly-3-years/
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