August 2010

 

The total amount of real estate listed in the State of Maryland is just over $15.5 billion dollars. A total of 48,530 properties and lots are listed with an average asking price of $244,721. 

 

Baltimore represents the largest share of real estate for sale in Maryland. There were 5,155 properties listed in the MLS from Baltimore in April and has bumped up to 5,441 in April. April represents 13% of the total properties for sale in Maryland. This is not surprising since Baltimore represents 14% of the population in Maryland. The sum of the asking prices of all the properties listed in Baltimore totals just under $1 billion dollars. There are five other communities with a total listing value in excess of $300 million dollars. Ocean City MD comes in second listing 1923 homes and lots with a total ask of $826 million. In third place was Silver Spring real estate for sale with a total market ask of $376 million. The communities with the forth and fifth largest ask totals in the $300 million range: Bethesda MD properties on the market totaled $371 million and Potomac MD real estate for sale totals $379 million. 

 

Real estate in McDaniel MD has the highest average property value at $1,713,492 million. There are a total of eleven communities in Maryland with an average asking price of over $1 million.   

 

There are seven communities with over 700 properties listed for sale in Maryland. These are: Salsbury MD with 744 properties, Ocean City MD with 1,923 homes, Silver Springs MD with 1,100 properties, Hagerstown MD with 948 homes, Frederick MD with 881 properties, Annapolis MD has 840 properties, 

 

Note: This data was aggregated from real estate recorded in the Multiple Listing Services that serve the Maryland area. Properties that do not show up in the MLS like “For Sale By Owner” homes will not be included in these numbers. This data was collected at the beginning of April 2010, and the current numbers will be different as a result of listings being added or removed from the MLS since that time. We can not guarantee the accuracy of the data presented in MLS records. Click here to see the current number of homes for sale and the average asking price for each city in Maryland.