Maryland Real Estate Market Trends & Analysis

The Maryland real estate market has fallen in line with national trends for the better part of 2019. Much like the rest of the country, real estate in Maryland has risen in value for approximately seven consecutive years. What’s more, the latest price increases are primarily attributed to a distinct lack of inventory. With roughly half the inventory of a balanced market, the scales are clearly tipped in favor of sellers, who have been able to increase prices in the face of growing demand.

Nonetheless, Maryland boasts one of the country’s highest foreclosure rates. For better or for worse, the state’s higher than average distressed inventory level has helped balance the market. Motivated sellers have given more buyers the opportunity to partake in what can only be described as a hot market, and real estate investors are no exception.

Maryland Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Title Companies, Attorneys
Conveyance: Grant Deed

Foreclosure Procedure

Primary Foreclosure Method: Judicial
Process Period: 2 - 3 months
Notice of Sale: Court
Redemption Period: Court Determined

Taxes

Income Tax: 2% - 5.5%
Corporate Tax: 8.25%
Sales Tax: 6.00%
Estate Tax: 16% - 40%
Inheritance Tax: 10%
Median Property Tax: 0.87%
Property Taxes by County: http://www.tax-rates.org/maryland/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,404.00
Transfer Fee: Transfer tax 0.5%;(or 0.25% for 1st- time buyers)
Origination Fee: $1,836.00

Overview

  • Median Home Value: $289,100
  • 1-Year Appreciation Rate: +1.4%
  • Median Home Value (1-Year Forecast): +0.1%
  • Median Rent Price: $1,750
  • Price-To-Rent Ratio: 13.76
  • Average Days On Market: 78
  • Unemployment Rate: 3.8% (latest estimate by the Bureau Of Labor Statistics)
  • Population: 6,042,718 (latest estimate by the U.S. Census Bureau)
  • Median Household Income: $78,916 (latest estimate by the U.S. Census Bureau)
  • Percentage Of Vacant Homes: 9.93%
  • Foreclosure Rate: 1 in every 1,218

Maryland Foreclosure Trends & Statistics

Tax Lien Investing

  • Tax Lien or Deed: Tax Lien State
  • Interest Rate: 6% to 24% Varies by county
  • Redemption Period: 6 Months to 2 Years; Varies by county

Maryland Online Tax Lien Auction

Below you will find a list of online Tax Lien auctions in the state of Maryland. Click on the link to the county you would like to do research in. Maryland offers great opportunities for online tax lien investing.