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Immediate Release Maryland REALTORS® Monthly Statistics Means; June 2018 Housing Stats

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The average sales is the weighted average of sales prices in the county, calculated by weighting the price of homes by the number of homes sold. To calculate the weighted average Maryland price, we weight the average price for all 24 Maryland jurisdictions by the number of homes sold.

 

 

The median price is the middle value of the prices of all homes sold in the period—the price at which half the sold homes are above and half are below in selling price. We estimate the median price for home sales in each Maryland jurisdiction because CAR and MRIS do not provide this level of detail. The median price for the whole state is calculated by using the simple unweighted averages to calculate a state weighted average for all 24 Maryland jurisdictions and establishing a median value through appropriate weighting techniques.

The monthly housing statistics are presented as reported by MRIS and the Coastal Association of REALTORS®(CAR). The “Units” category represents sales settled in that month. The “Pending Units” category includes units currently under contract, which will settle in the future. “Active Inventory” includes units that remain on the market.

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Rodwell Smith

Ever since I can remember, I was always fascinated with my Dad’s and Grandfather’s proficiency very fervently. They could start with a bare piece of land and create a structure for a most appreciative owner to live a better life. RodwellBuildingServices is the career achievement I'm most proud of now. Especially since it started from full utilization of my know-how, every bit of skills and technical capabilities. My life has come full circle to my fathers' as I start with any under improved property and make it into your dream. My niche in the real estate industry is constructed-to-order real estate transactions are my life of services and daily adventures in and around the capital of the free world. RodwellBuildingServices™ benefits keenly customized property sellers, buyers, and users in Washington, DC and up to 50 miles around Maryland and Northern Virginia. We speak to our customers as a Property Improvement and Modernization Builder/Realtor expert. If we haven't provided you with “the real services and the right property for your order,” at any time up to 5 years - we will sell it back from you and help you with a more custom fit.

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