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Central Maryland April Housing Report

Posted on May 7, 2020 (January 28, 2023) by Vinny Steo

Central Maryland April Housing Report

Mortgage Rates Reach All-Time Low

According to the April housing report, 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-April. 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.

**Source Bright MLS**

Central Maryland April Housing Report

Houses Sold: 2,418
Average Sold Price $354,259
Median Sold Price: $339,000
Average Pending: 2,352¹

Year to Year Inventory:
May 2020:           5,063
May 2019:          13,725
Change:            -63.2%

Inventory Accumulation¹
May 2020: 2.1
May 2019: 4.8

Average List Price
May 2020: $368,040
May 2019: $355,471
Change: +3.42%

New Listings
May 2020: 519
May 2019: 4,952
Change: -89.52%

Notes: Central Maryland includes the following Counties: Anne Arundel County, Cecil County, Baltimore City, Baltimore County, Harford County, Carroll County, Howard County, Prince George’s County
1-This is the number of months it would take to sell off all the currently active listings at this time.

If you are in the market for buying or selling a home, Vinny Steo is your best choice in Bel Air, Maryland to help you. Call us at 410-220-0016 or fill out the form below.

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"Tom Hall and Vinny Steo made our first home purchase very stress-free and as easy as possible. They react extremely quickly to not only emails and questions but to ensure you get in immediately to see the house you want. At every step of the process, Tom and Vinny were side by side with us and made us feel not just like a client but family. What could have been a stressful situation in this market, they made sure it was the complete opposite. They took the time to listen and care and that is all you could ask for. Hands down the best there is! I highly recommend Tom Hall and Vinny Steo, as you will not be disappointed."

Ralph Wolff

"We would like to thank you again for the wonderful service that you provided to us when selling our house. You made it so easy for us and got the price we wanted. You were also prompt and upfront with your reports which we appreciated."

Bhenie Mhay Borlongan

"This was my uncle's house [Estate] that was being sold. Krissy and the team were great to work with. Always available 7 days a week. If not at that moment, then definitely a timely response. We went through a couple of contracts by no fault of YHSGR. The final showing went live in the morning and I had a signed offer/contract by lunch time that same day. I will always recommend Vinny Steo if the subject arises."

Tony Lysakovski

"Aaron Hensley was very supportive and informative during the entire selling process. Great experience with the Vinny Steo team."

Cal Benson

"We used Vinny Steo to sell our property. Their approach was professional and positive. Vinny secured a smooth sale and an excellent price for our home."

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"Sold our home for more than we expected and we were allowed to stay until we found our next home. Loved the stay-at-home option. Gave us peace of mind. Lisa Jessica Tom Margo and the rest of the team were amazing. Very helpful with the entire process for an old school guy. All the protection with the contract was phenomenal. Was also able to get us closing costs and repairs in a challenging market for homebuyers. Everything was beyond my expectations. Thank you."

Rob Kloss

"My experience was awesome! Aaron was on the ball from the start. Within days, he had the property listed and sold! I would highly recommend him to assist you. It was a very smooth process."

Lavern George

"Great company. Love having a guaranteed sale. Appreciate everything."

Kathy Verbiar

"I highly recommend the Vinny Steo Real Estate team, especially Lawrence and Jessica who have been nothing but fabulous to work with! They helped us in every step of the the selling process greatly reducing our stress levels. Furthermore, they sold our father's estate quickly and for more than the asking price! Thank you, Vinny Steo team!"

Taylor King

"Aaron and the team made this the easiest process for me. Their attention to detail made for a quick sale. Thanks!"

Joseph Tretta

"We had a great experience with Lawrence and the team. Helped us from the start of the process up until settlement. Great person to work with. Would recommend them in a heartbeat."

Leroy Krempel

"Vinny Steo’s team helped me to sell my home in Belcamp, Maryland. They gave me excellent advice for what needed to get done in order to ready the house for listing. Their superb marketing resulted in 16 offers within one day after the open house, and getting to a sales contract with a buyer in less than a week. I highly recommend the Vinny Steo team. I would have them help me to sell a house again."

Hey Zeus

"Vinny Steo worked with us to identify the right property to meet our needs. Vinny was always accessible and willing to make a variety of suggestions and options so we can come up with the right decision. We feel we have a trustworthy agent, as well as a friend! Thank you, Vinny!"

Jay Ar Gegz

"If I could give six stars I would. They went beyond our expectations. We are very grateful to have chosen Vinny and his amazing team of professionals. We had a lot of options when looking for a real estate company. The fact that they guaranteed their performance made us feel better."

Rob Kirsch

"Vinny Steo found our dream home. Vinny's advice and support through closing were invaluable. He was polite, available, friendly, and knowledgeable. We could not have done it without him."

Geonalyn Artus

"We are very pleased with the way Vinny Steo handled our purchase of our home. They were prompt, friendly, and very knowledgeable. Vinny followed up on any and all concerns. He was our advocate throughout the process. This isn’t always true of realtors we’ve dealt with in the past."

Russel Buergo

"The Steo Team is the best team we've done business with! If you are looking for quality service, this is the team to call! Erin was extremely helpful, patient and hands on! I would recommend them anytime, any day to everyone I know!"

Reese C. Tresvalles

"Aaron was helpful and responsive when I needed to find a house and get moving quickly as my lease was ending. He managed to set up several appointments quickly and make helpful suggestions in the offer process that helped the offer to be aggressive and well-received."

Matthew George

"I want to thank Krissy for doing an outstanding job. She was very professional and answered all calls and messages. During our initial meeting, she went through the marketing process, detailing every step, from preparing the house for the showing to the settlement date. She went over our asking price and the profit we would make if we sold our home for that amount. I am extremely happy to say we received 12,400 dollars more than our asking price. Do not hesitate to call Vinny and his associates."

Scott64

"Aaron held an open house, received multiple offers, and finally sold it for $5K over our asking price. Would certainly recommend them to my friends and family."

Craig Andresini

"Krissy on the Steo team was wonderful in finding me a first new home. I told her what my price range was and had my pre-approvals ready for her. Only took a couple of days and she found me my first home! I would recommend everyone to work with her! She was awesome! Anyone ready for a new home start packing before you talk to her!"

Ginger Yocum

"Sold my house in Bel Air. Great support and great people helped guide me through a transition from my long time home to the next step in my life. Thank you."

Fran Boyce

"Vinny Steo is amazing! He is a wonderful partner who gives so much back to Johns Hopkins Children’s Center. Thanks for all you and your team do, Vinny!"

Jennifer Phelps

"Your Home Sold Guaranteed lived up to all their promises. Great job with my Bel Air home. Thank you!!!"

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"Wonderful wonderful people to work with. Erin was so lovely and amazing to work with! Erin and the Steo Team made the process of buying a home such a great and stress free experience. They are an epitome of how great customer service should be!"

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"Vinny Steo and Lawrence Quigley did an outstanding job in helping me sell my home. If you are looking for a professional team to sell your home then Vinny and his team are your guys and girls!"

Ira Siegel

"We had a great experience using Vinny and Lawrence to sell our house and buy our next house. We were very satisfied with the sale of our home and the process. The team and company is very knowledgeable about the market and helped get us our forever home for a good price."

Christina Rose

"We feel exceptionally fortunate to have engaged Vinny Steo for our relocation. Our initial phone call with Vinny when we were looking for a realtor was very positive – he was extremely helpful in providing information."

Jhon Ray Tan

"My experience with Ashley was absolutely fantastic. Every conversation with her is professional and very informative. So glad I have had her to help me. Thank you so much Ashley Waldo for everything!"

Stephanie Wenger

"The best real estate experience we have had. We have bought and sold houses over the years but never had a company that cared so much about the customer. Most companies only focus on the sale but Vinny and his team focused on us the entire time."

Lori Wechsler