The housing market has been an industry that has changes like we have never seen over the past few years. For example, the state of Maryland just announced they have seen a 20 percent increase in home values between 2020 – 2022.
After conducting home appraisals on one-third of the estimated 2 million properties in Maryland, the state reported is seeing strong home values from one year to the next.
Commercial and residential properties have both stayed strong through this time period.
Right now in Maryland home values are staying high but with a shortage of homes for sale and the current trend isn’t showing any major relief anytime soon.