The suburban Maryland housing market is as tight as Northern Virginia and the District, with prices rising, sales slowing and the number of homes on the market sharply lower.
Long & Foster said the median price of what sold in Montgomery County in June was just shy of $480,000, up 2% from a year ago. Montgomery County sales were down 9% and inventory was down 11% from last June.
In Prince George’s County, the region’s most affordable county, the median price of what sold in June was $310,000, exactly half the median sales price in June in the District. Prince George’s County’s median price was also up 3% from last June.
Sales in Prince George’s County were down 16% from a year ago, and the number of homes for sale was down 33%.
Sellers in both Montgomery and Prince George’s counties got, on average, almost 100% of list price.
Elsewhere in Maryland, the median selling price in Charles County in June was $313,000, up 1% from a year ago. The median selling price in Frederick County last month was $339,900, down 1% from last June.
