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.
