Real Estate & Construction

The Baltimore Washington Corridor is at the heart of America’s fourth largest marketplace, and is host to scores of federal, state and local government agencies, as well as a myriad of academic institutions, non-profits and businesses of all kinds.  Likewise, the housing stock is diverse, ranging from rural enclaves of single family homes and townhomes and extensive shoreline properties, to historic communities as well as high-rise communities with condominiums, lofts and apartments. The Corridor is also home to extensive planned communities, such as Bowie and Columbia, and the nascent development that is bisected by I-95 and known as Konterra.

For people relocating to the region, one of the best resources for current data on housing inventory, average and median home sales, etc., is the Maryland Association of Realtors (MAR).  Shown below is the most recent month’s data.  Check out the complete information under “Housing Statistics”.

Corridor Jurisdiction Housing Statistics, October 2011

County

Units

Average Price ($)

Median Price ($)

Pending Units

Active Inventory

Months of Inventory

Anne Arundel

369

323,721

275,000

494

3,261

8.8

Howard

208

369,878

330,750

277

1,384

6.7

Montgomery

634

411,221

327,250

945

3,263

15.0

Prince George’s

626

171,631

150,000

1,128

3,918

26.0

Source: Maryland Association of Realtors

For those who want to see home sales for specific properties, check the Maryland State Department of Assessments & Taxation (SDAT) website and  select the county in which you are locating a property.

If you are interested in renting, the chart below shows average rental prices for one and two bedroom apartments within the Washington-Baltimore DC-MD-VA-WV CMSA area as reported by renters on ApartmentRatings.com.

Real Estate