Maryland Home Prices Show Some Rebound

As reported by WBAL-TV, Maryland home prices are increasing following a national trend. From the article:

U.S. home prices jumped 12.2 percent in May compared to a year ago — the biggest annual gain since March 2006, according to the just released Case-Shiller 20-city home price index.

The Case-Shiller index doesn’t include Maryland cities, but the most recent local June sale prices are showing some gradual and a lot more modest increases as well.

According to the Maryland Association of Realtors, which uses a different formula than Case-Shiller, prices rose 4.3 percent in the state overall in June from $317,567 in 2012 to $331,074 in 2013.

Kent County had the highest price percentage growth with 69.3 percent, and Talbot County had the lowest with negative 17.2 percent. Baltimore City prices increased 2.2 percent, and Baltimore County prices rose 0.2 percent.
An article in the Carroll County Times indicates that the housing market in Carroll County is also improving.