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  • Central Maryland May Housing Report

    Friday, June 5, 2020   /   by Vinny Steo

    Central Maryland May Housing Report

    Houses Sold: 2,300

    Average Sold Price $352,415

    Median Sold Price: $335,000

    Average Pending: 3,0791


    Year to Year Inventory:

    May 2020:           5,050

    May 2019:          13,331

    Change:                -38%


    Inventory Accumulation1

    May 2020: 2

    May 2019: 3.9


    Average List Price

    May 2020: $370,373

    May 2019:  $355,581

    Change:   +4%


    New Listings

    May 2020: 3,628

    May 2019:  4,056

    Change:  -89.44%


    Mortgage Rates Reach All-Time Low

    The size and depth of the secondary mortgage market is helping to keep rates at record lows. These low rates are driving higher refinance activity and have modestly helped improve purchase demand from their extremely low levels in mid-May. While many people are benefitting from low mortgage rates, it’s important to remember that not all people are able to take advantage of them given the current pandemic.


    Mortgage Rate Change April to May

    30-Yr FRM        .08%

    15-Yr FRM        .15%

    5/1-Yr ARM      .01%