“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.
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