Calvert County Housing Market Trends Through May 2010

In this third issue of The State of Calvert County Real Estate, let’s discuss the activity and trends we’ve been seeing over the last couple of months. The chart below presents a lot of data but shows a few points worth noting:

• The month of May saw a dramatic increase in sales compared to months prior.  Sales were double what we saw in February and March.
• The seller contribution to closing costs has remained consistent, around $6,000.00.  Sellers, be prepared to assist your buyer in this market.
• On a positive note, there has been an increase in the sales price of homes.  Sales prices have hit over $300,000.00 for the first time since January 2010.

Calvert County Housing Market Trends Through April 2010

In this second issue of The State of Calvert County Real Estate, lets discuss the activity and trends we’ve been seeing over the last couple months. The chart below, presents a lot of data, but tells a few key stories. Some noteworthy points are:

• There was a significant drop in sales during February and March, most likely due to all of the snow, but in April home sales began to slowly return to the steady totals of late 2009.
• Closing cost assistance rates are remaining consistant.  If you are selling your home, be prepared to offer closing assistance to the buyer.
• On average, homes in Calvert County are on the market 95-120 days before seliing.

• While not a perfect trend, homes do appear to be selling quicker in the last 90 days.
• If you’re selling a home, expect to offer your buyers some closing cost assistance to make the deal happen.
• Homes are selling for about 80-90% of their tax assessed value, indicating tax bills in Calvert County may be getting more affordable in the near future.

Calvert County Real Estate Report -January 2010

See you next month.