Governor Martin O’Malley Announces Home Sales and Sales Prices on the Rise in Maryland

BALTIMORE, MD – July 20, 2012 – (RealEstateRama) — Governor Martin O’Malley today joined by Department of Housing and Community Development Secretary Ray Skinner, state and local officials, realtors and community leaders at a new homeowner’s residence in Baltimore City, announced positive trends in both the State and Baltimore City’s housing markets. Home sales statewide increased for the fifth consecutive month in June, marking the most home sales in one month since June of 2010. Maryland’s median home sales price increased for the fourth consecutive month to $268,910, representing the fifth consecutive annual increase and the highest monthly figure in nearly three years and the first time the State has seen five consecutive months of median home sale price annual increases since before the Bush recession.