Here is what we‚Äôre finding in Baltimore, Maryland‚Ä¶
Homes that are priced right and show well sell quickly and for almost full price. We are still seeing a lot of seller concessions, and FHA financing. FHA mortgage limits range from $560,000 in the Baltimore region which includes Anne Arundel, Baltimore, Baltimore City, Howard, Harford and Carroll counties to $729,250 in Montgomery, Frederick, Calvert, Charles and Prince Georges counties.
The Baltimore market is holding steady with new jobs being created for BRAC (Base Realignment and Closure). Maryland is expected to gain more than 45,000 federal and private sector jobs.
We are still seeing some short sales and foreclosures but overall the Baltimore market is still pretty good.