The monthly real estate sales figures for August from the MRIS are out.
Median sales prices continue to be down in most jurisdictions in the Baltimore - Washington, metro area. Median sales price continue to be down dramatically in the outer suburbs compared to last August. For example down 24% in Loudoun County. Lower prices in the outer suburbs have increased sales as the number of sales increased 28% in Loudoun County (compared to last year).
In Montgomery County, the median sales price for detached single family houses is down 13% from last year. The median sale price stands at 472,000.
Also the MRIS now has an official blog.
Wednesday, September 10, 2008
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