I’ve said it before and I’ll say it again, there may not be a hotter market in the country right now for real estate investing than the DC Metro and Baltimore markets. Folks, if you’re living in the DMV, you are truly in the cat-bird seat for making money by investing in real estate.
But, the June 2011 figures below from RBI (Real Estate Business Intelligence) show that the Baltimore Metro market, while promising – is still a bit of a mixed bag.
That’s why you have to be super-careful if you’re investing. I have a tried-and-true never-fail formula for success, and I follow it as if my life depends on it. I recently did a, “now famous” Webinar called, “The State of the Market” in the Maryland metro area. You can view a free replay of the 60-minute webinar, RIGHT HERE
June 2011 RBI Pending Home Sales Index
OVERVIEW: New pending sales activity slipped 5.3% to 2,585 from May to June 2011, consistent with the 3.4% decline averaged over the same period in the prior decade. However, the June 2011 total represented the most signed contracts for June in 4 years. The 30.8% jump from the June 2010 pending sales total of 1,977 reflected the sharp decline in contract activity immediately following the April 2010 expiration of the federal homebuyer tax credit and not a recent surge in contract activity. Median sales price seasonally increased for the third consecutive month, reaching $235,500 in June but remained 5.8% below $250,000 in the same month last year.
Read the rest of the report [HERE]