Last week, HomeGain, the first company to provide free instant home valuations online, released the national and regional results of our fourth quarter home prices survey of nearly 1000 HomeGain current and former members. The survey asked their opinions on home values and what they thought of President Obama’s 
performance as President so far. On the HomeGain real estate blog we published the full survey results, including Realtor commentary and charts. Also last week, we published the results of the fourth quarter Texas home prices, Florida home prices, New York home prices, New Jersey home prices, California home prices , Illinois home prices and Georgia home prices survey results.
Earlier this week we released the Pennsylvania home prices, Colorado home prices the Arizona home prices , North Carolina home prices, the Virginia home prices, the Washington home prices and Massachusetts home prices survey results.
Today we are releasing the Maryland home prices survey results.
Set forth below is the fourth quarter Maryland home prices data with the national data in parenthesis:
- Have home prices increased, decreased or stayed the same in the last year?
- On average, what do homeowners believe that their home is worth?
- How do buyers feel that homes for sale are priced?
- What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
- What is the average difference in price between what a home is listed at and what a home sells for?
- In the next six months, will the values of homes in your market increase, decrease or stay the same?
- What percentage of homes for sale are foreclosures in your area?
- What is the average home price in your area?
- What percentage of your clients are first-time buyers?
- How do you as a Realtor think Barack Obama is performing in his role as President?
Question 1:
Q4MD compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)
Decreased: 81% (77%/81%/84%/90%)
Stay the same: 15% (15%/13%/12%/8%)
Increased: 4% (7%/6%/3%/2%)
Question 2. On average, what do your homeowner clients believe that their home is worth?
Q4MD compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)
10-20% higher: 52%(40%/38%/35%/45%)
1-9% higher: 22% (28%/25%/24%/*)
21-30% higher: 11% (6%/8%/8%/14%)
21-30% less: 11% (2%/2%/3%/*)
10-20% less: 7% (5%/5%/8%/10%)
1-9% less: 4% (7%/7%/9%/*)
At listing price you recommend: 4% (9%/11%/10%/14%)
More than 30% higher: 0% (2%/3%/2%/4%)
More than 30% less: 0% (1%/1%/2%/1%)
Question 3. How do your home buyer clients feel that homes for sale are priced?
Q4MD compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)
Overpriced by less than 10%: 41% (32%/30%/29%/21%)
Fairly priced: 22% (21%/20%/19%/18%)
Overpriced by 10-20%: 22% (28%/30%/30%/32%)
Overpriced by 21%+: 7% (3%/4%/4%/10%)
Underpriced by 10-20%: 4% (7%/8%/8%/14%)
Underpriced by 21-30%: 4% (3%/2%/1%/2%)
Underpriced by 31%+: 0% (1%/1%/1%/2%)
Underpriced by less than 10%: 0% (5%/5%/5%/5%)
Question 4. What is the average difference in price between what sellers believe their home to be worth and the amount at which you eventually list the house?
Q4NV compared to (Q4NAT/Q3NAT/Q2NAT)
Less than 5-10%: 48% (48%/43%/43%)
Less than 11-20%: 26% (23%/24%/23%)
Greater than 5-10%: 15% (8%/9%/10%)
Greater than 11-20%: 4% (5%/5%/7%)
Less than 21-30%: 4% (4%/4%/5%)
Little or no difference in price: 3% (9%/12%/8%)
Greater than 21%: 0% (3%/3%/3%)
Question 5. What is the average difference in price between what the home is listed at and what the home sells for?
Q4MD compared to (Q4NAT/Q3NAT/Q2NAT)
Less than 5-10%: 56% (56%/54%/53%)
Less than 11-20%: 22% (23%/24%/27%)
Greater than 5-10%: 11% (6%/5%/5%)
Little or no difference in price: 7% (7%/8%/5%)
Less than 21-30%: 4% (3%/3%/4%)
Greater than 11-20%: 0% (3%/4%/4%)
Greater than 21%: 0% (2%/2%/2%)
Question 6:
Q4MD compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)
Stay the same: 48% (48%/46%/49%/36%)
Decrease: 30% (28%/31%/29%/53%)
Increase: 22% (24%/23%/22%/11%)
Question 7. What percent of homes in your area are foreclosures?
Q4MD compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)
10%-20%: 33% (29%/27%/15%/26%)
Less than 10%: 30% (37%/36%/26%/37%)
21%-30%: 26% (19%/17%/12%/16%)
31%-50%: 11% (9%/13%/7%/15%)
51%-75%: 0% (4%/5%/3%/5%)
75%: 0% (2%/2%/3%/2%)
Question 8. What is the average home price in your area?
Q4MD compared to (Q4NAT/Q3NAT/Q2NAT/Q1NAT)
$151K-$300K: 52% (55%/52%/56%/59%)
$301K-$500K: 44% (18%/21%/20%/21%)
$801K+: 4% (3%/2%/3%/2%)
$501K-$800K: 0% (6%/7%/5%/6%)
Less than $150K: 0% (18%/18%/16%/11%)
Question 9:
Q4MD compared to (Q4NAT)
1-10%: 22% (25%)
41-50%: 22% (9%)
51%+: 22% (21%)
31-40%: 11% (9%)
None: 11% (11%)
11-20%: 8% (14%)
21-30%: 4% (11%)
Question 10:
Q4MD compared to (Q4NAT/Q3NAT/Q2NAT)
Somewhat disapprove: 33% (18%/19%/19%)
Strongly approve: 30% (18%/20%/26%)
Somewhat approve: 22% (26%/21%/31%)
Strongly disapprove: 15% (38%/40%/24%)
* Data not available
See National and Regional Survey Results
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HomeGain real estate home values survey results are based on responses of over 1,150 Realtors in the United States. State survey results for Q2 are available for the following states : California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home prices, Arizona home prices and North Carolina home prices,Virginia home prices survey , Massachusetts home prices survey ,Washington home prices survey,Colorado home prices survey
Louis Cammarosano
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