Local Housing Market Said To Be Strong

The housing market in the Chesapeake Bay & Rivers region is showing signs of strength, with home sales increasing by 11 percent in the first quarter of 2024 compared to the same period last year. The median sales price has also seen a significant rise, climbing by 11 percent to $338,500. Additionally, the inventory of homes on the market has grown by 43 percent, indicating a healthy market with increased options for buyers.