May 2012 Real Estate Market data has been released and the numbers are impressive! The National Association of Realtors reported that home prices are continuing to rise across the Nation and total existing home sales are up compared to 2011.

As you will see from the data below, the local market inventory is approximately 32% below previous year levels, and the median sales price has increased about 5.7% year-over-year. In addition average days on market has decreased by 10% which means homes are selling faster – making it an ideal time for sellers to list their home. If you’re interested in listing your home, contact The Creig Northrop Team of Long & Foster Real Estate for a free no-obligation market analysis.

Below is the Maryland Real Estate Market summary broken down county-by-county:

Anne Arundel County Real Estate

View Full Report for Anne Arundel County     

Baltimore City Real Estate

View Full Report for Baltimore City

Baltimore County Real Estate

View Full Report for Baltimore County

Carroll County Real Estate

View Full Report for Carroll County

Frederick County Real Estate

View Full Report for Frederick County

Harford County Real Estate

View Full Report for Harford County

Howard County Real Estate

View Full Report for Howard County

Montgomery County Real Estate

View Full Report for Montgomery County

Prince George’s County Real Estate

View Full Report for Prince George’s County

Washington, D.C. Real Estate

View Full Report for Washington, D.C.

Are you ready to find your next home or do you have a home to sell?? Start the process now!

Contact The Creig Northrop Team of Long & Foster Real Estate today to find listings that meet your home search criteria or to set an appointment for a FREE, no-obligation market analysis.

We look forward to hearing from you!