Southern Maryland Real Estate Market Report: May, 2010

June 1st, 2010 // filed under: Calvert County, Charles County, Hughesville, La Plata, Market Reports, MD, Mortgages, Prince Georges County, Saint Charles, Southern Maryland, St. Mary's, Waldorf

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Here are the latest market trends and information for the Southern Maryland Real Estate Market.  Although sales have hit fantastic highs recently, current inventory supply is still at 8.5 months -  still 2.5 months more than a “normal” market.

We’ve also seen prices creep up slightly, although not as much as we would like.  If prices continue to rise while inventory continues to dwindle, we may be closer to saying that we’ve seen the bottom of the market come and go.  Expect interest rates to remain low for the near future as lenders try to entice purchasers to continue entering the market now that the tax credits have expired.

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This entry was posted on Tuesday, June 1st, 2010 at 6:00 am and is filed under Calvert County, Charles County, Hughesville, La Plata, Market Reports, MD, Mortgages, Prince Georges County, Saint Charles, Southern Maryland, St. Mary's, Waldorf. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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