Median price tells us that as many houses sold above this dollar amount as sold below the amount. This statistic has been down over the same period a year ago for the past 12 months in all 3 counties. Anne Arundel and Howard Counties' numbers are less than 10% and have been for the entire year. Prince George's County has taken the biggest hit in prices. This is because there are more distressed properties in Prince George's County than in any other county in Maryland. Also, keep in mind that a lot of first time home buyers are taking advantage of the $8,000 federal tax credit. This means that lower priced homes are selling because people are being given an incentive to purchase.
So this statistic indicates that many more lower priced homes are being sold than higher priced homes.
Data from MRIS
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