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Central Maryland April Housing Report

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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