Is Maryland’s Real Estate Market Headed for Real Recovery?

Gay Maryland Real EstateAnother month of rising sales of existing home and higher median home prices in August has many in the Maryland residential real estate industry believing they have seen the market’s low point.

“I think we’ve reached the bottom, and now it’s going up,” said Franco Saladino, an agent for Long & Foster Real Estate in Rockville who has sold homes in Montgomery County for seven years. “I can’t classify it as a seller’s market yet. It has seemed more like a seller’s market the last few months, but it is still good for buyers.”

The median price of existing homes sold in Maryland rose to $255,498 in August, up 6 percent from a year ago, according to the Maryland Association of Realtors. That was the seventh consecutive month of year-over-year price increases. The number of sales jumped almost 10 percent to the highest level in the month of August since before the Great Recession started in late 2007.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Kevin James Shay – See the Full Story at Gazette.net

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