Maryland
California, Maryland weekly real estate update – The Southern Maryland Chronicle
As inflation continues to surge and with the chatter of an impending financial downturn within the air, mortgage charges are rising rapidly in 40 years, with a 30-year fixed-rate mortgage final week reaching the very best level since 2009 at 5.53%.
Customers are being stretched skinny attributable to inflation—from the fuel pump to the grocery retailer—and are beginning to decelerate their spending from final 12 months. Specialists anticipate an actual property decelerate within the subsequent couple of quarters: 70 regional housing markets have a greater than 40% probability of seeing costs for houses dip within the subsequent 12 months, in line with CoreLogic evaluation of the largest regional housing markets within the U.S.
That will help you keep present available on the market, ZeroDown compiled a weekly actual property market report utilizing information from Redfin. Statistics are as of the 4 weeks ending Might 15, 2022. Metros with greater than 50 houses offered throughout this time interval had been thought-about for metro-level rankings for every statistic.
Median gross sales value
California, MD metro space:
- Median gross sales value: $388,134
- One-year change: +15.5%
Metros with the very best median gross sales value
#1. San Francisco, CA metro space: $1.7 million
#2. San Jose, CA metro space: $1.6 million
#3. Santa Cruz, CA metro space: $1.3 million
Metros with the bottom median gross sales value
#1. Saginaw, MI metro space: $118,475
#2. Carbondale, IL metro space: $127,150
#3. Cumberland, MD metro space: $127,825
Median gross sales value per sq. foot
California, MD metro space:
- Median gross sales value per sq. foot: $174
- One-year change: +10.7%
Metros with the very best median gross sales value per sq. foot
#1. San Francisco, CA metro space: $1,106
#2. San Jose, CA metro space: $974
#3. Kahului, HI metro space: $934
Metros with the bottom median gross sales value per sq. foot
#1. Carbondale, IL metro space: $79
#2. Cumberland, MD metro space: $87
#3. Peoria, IL metro space: $87
Gross sales to checklist value ratio
California, MD metro space:
- Common gross sales to checklist value ratio: 1.01
- One-year change: +0.01
Metros with the very best gross sales to checklist value ratio
#1. Rochester, NY metro space: 1.15
#2. Oakland, CA metro space: 1.14
#3. San Jose, CA metro space: 1.13
Metros with the bottom gross sales to checklist value ratio
#1. Carbondale, IL metro space: 0.97
#2. Utica, NY metro space: 0.97
#3. Gadsden, AL metro space: 0.97
Properties offered with value drops
California, MD metro space:
- Properties offered with value drops: 7.9%
- One-year change: -2.4%
Metros with most houses offered with value drops
#1. The Villages, FL metro space: 28.0%
#2. Beaumont, TX metro space: 27.9%
#3. New York, NY metro space: 26.6%
Metros with least houses offered with a value drop
#1. Carbondale, IL metro space: 0.0%
#2. Springfield, IL metro space: 0.0%
#3. Hanford, CA metro space: 0.0%
Off-market in two weeks
California, MD metro space:
- Off-market in two weeks: 37.0%
- One-year change: -12.2%
Metros with essentially the most houses off-market in two weeks
#1. Rochester, NY metro space: 88.0%
#2. Olympia, WA metro space: 87.8%
#3. Seattle, WA metro space: 87.3%
Metros with the least houses off-market in two weeks
#1. Oshkosh, WI metro space: 1.9%
#2. City Honolulu, HI metro space: 2.7%
#3. Morristown, TN metro space: 3.1%
Months of provide
California, MD metro space:
- Months of provide: 7.6 months
- One-year change: +0.7 months
Metros with essentially the most months of provide
#1. Brownsville, TX metro space: 35.7 months
#2. New York, NY metro space: 19.4 months
#3. Atlantic Metropolis, NJ metro space: 18.4 months
Metros with the least months of provide
#1. Portland, ME metro space: 3.2 months
#2. Lewiston, ME metro space: 3.6 months
#3. Jacksonville, NC metro space: 3.7 months
This story initially appeared on ZeroDown and was produced and distributed in partnership with Stacker Studio.