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.
