Maryland Area Home Sales Increasing

The number of homes sold in Montgomery and Prince Georges Counties has significantly increased over last year.

In Montgomery County Maryland, March home sales were up 15%.  This was followed by increases of 16% in May and a whopping 21% in June.

In Prince Georges County, home sales have increased in almost every month since the beginning of the year.   May of this year saw an increase of 28% more homes selling.

A couple obvious explanations for the increase are the lower interest rates and government incentives.  The number of foreclosures have also brought down prices.

 

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