While you may hear in the news that home prices have fallen drastically and are continuing to fall, I wanted to share with you an interesting statistic. When comparing Maryland home prices from 1999 to 2009 home prices actually INCREASED a total of 83.9% over the 10 year period.
According to the Maryland Association of Realtors, in 1999 the average sales price in Maryland was $162,018. In 2009 the average sales price was $301,270.
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