Maryland Housing Trend

The real estate across Maryland is still moving. In Annapolis, houses are on the market for less than 30 days to due a short supply. The average sale price of a house is $315,000, which is up 5 to 10% over last year. Sellers are getting full asking price, and sometimes over for their houses. The houses remain hot because they are a good commuting distance from Washington, D.C.

In Columbia, the market is strong too. Houses are on the market for 30 to 60 days and sell for an average of $325,000. This is up between 10 and 15% over last year’s prices. Sellers are getting 95 to 100% of the asking price. Depending on the price and location, sellers are also getting multiple offers over the asking price.