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.