July 2010 Real Estate Market Watch

Want to know how the real estate market is fairing in your area?  Check out these short market video updates for local areas to include MD, VA, WV, DC and PA.

Real Estate Market in DC and Maryland Suburbs July 2010 - Washington D.C., Montgomery and Prince Georges counties {MD}

  • Pending sales have increased .7% compared to July 2009
  • Inventory level has decreased 15.7%
  • .6% decrease in average sales price from July 2009 (Currently $318,000)
  • 94.6% of list price obtained at sale
  • Economy is driving the housing market
  • Fed announced August 10th it will buy treasury bonds in an effort to keep interest rates low

For other markets please click below on the desired area.  Market Watch videos are courtesy of the MRIS.

Southern Maryland Market Watch – Calvert, Charles and St. Mary’s counties {MD}

Northern Virginia Market Watch – Arlington, Fairfax, Fauquier, Loudoun, Prince William, Alexandria, Falls Church, Fairfax City, Manassas and Manassas Park {VA}

Baltimore Metro Market Watch – Anne Arundel, Baltimore County and City, Harford, and Howard counties {MD}

Eastern Shore Market Watch – Caroline, Cecil, Dorchester, Kent, Queen Anne’s and Talbot counties {MD}

Northern Region Market Watch – Franklin and Fulton {PA}, Frederick and Washington {MD}, Berkeley, Jefferson and Morgan counties {WV}

Southern Region Market Watch – Culpeper, Caroline, King George, Madison, Orange, Rappahannock, Stafford and Spotsylvania counties {VA}

Western Region Market Watch – Allegany and Garrett {MD}, Grant Hardy, Hampshire and Mineral {WV}, and Clarke, Frederick, Shenandoah and Page counties {VA}