Advertisement
YOU ARE HERE: HeraldMail HomeCollectionsMetropolitan Regional Information Systems
IN THE NEWS

Metropolitan Regional Information Systems

FEATURED ARTICLES
NEWS
By ARNOLD PLATOU | April 25, 2009
WASHINGTON COUNTY -- Housing sales were a bit of a bright spot last month in a mostly grim-looking economy in Washington County. In all, 82 properties were sold in March compared to 79 a year ago, according to Metropolitan Regional Information Systems Inc. The increase, the county's first since October, boosted the local real estate market to $15.3 million, though that still was a bit smaller than a year ago as prices hung back. Meanwhile, new information from the Maryland Comptroller of the Treasury's office shows consumers and contractors still are holding onto their dollars tightly.
NEWS
By ARNOLD S. PLATOU | November 23, 2008
TRI-STATE - If you're trying to sell your house, finding good news in the real estate market these days might seem like grasping for straws. Apart from the modest bump in sales in Washington County, here are some "good straws" - together with some "sobering facts" - for those of you in other parts of the Tri-State. The information is gathered from the monthly reports issued by Metropolitan Regional Information Systems Inc. Jefferson County, W.Va. · Good straws - The market jumped 9 percent to $12.3 million in sales in September compared to $11.3 million in the same month a year ago. In all, 54 homes were sold this past September versus 41 a year ago. And in October, sales edged up to 45 homes - three more than a year ago. · Sobering facts - Jefferson County's market fell 13 percent in October to $9.1 million in sales, compared to a year ago. And the median price, which had fallen to $215,500 in September compared to $285,000 in September 2007, also plummeted in October, dropping to $172,500 versus $235,000 last October.
NEWS
By ARNOLD S. PLATOU | February 14, 2009
A comparison of housing deals WASHINGTON COUNTY -- Housing sales in Washington County dipped to their lowest level in several years in 2008. Sales fell 25 percent to $218 million, compared to $291 million in 2007, according to The Herald-Mail's analysis of data from Metropolitan Regional Information Systems Inc. The market is barely a third of 2005's $578 million. But there is a glint of good news in the gloom. The rose in the weeds is small, but noteworthy because it stems from the same kind of good news that excited financial markets nationwide early this month.
NEWS
By ARNOLD S. PLATOU | November 22, 2008
WASHINGTON COUNTY -- Don't break out the champagne yet, but for those with a house to sell, there is good news: Washington County's real estate market increased last month for the first time in nearly three years. The number of people buying homes rose slightly, boosting the market 2.4 percent to $19.2 million compared to the $18.8 million spent here in October 2007, according to Metropolitan Regional Information Systems (MRIS) Inc. At the same time, however, individual sales prices continued to slide, and the time it takes to sell each home kept getting longer here and almost everywhere else throughout the Tri-State area.
NEWS
By ARNOLD S. PLATOU | March 2, 2008
WASHINGTON COUNTY -- If you've been trying to sell your house, the economic signs are pretty clear: You're in a lot of pain. Especially if your home is in the upper end of the market, pricewise. And if you've bought a house in Washington County the last few years, you're probably hurting, too, as more of your income than ever is being used to pay the mortgage. The latest economic reports show several problems here, as the nation's housing slump continues -- prices have fallen, sales have slowed, the number of houses "for sale" is high and housing values have slipped.
NEWS
BY TARA REILLY | February 26, 2005
WASHINGTON COUNTY Families trying to rent a place in Washington County these days will have to come up with about $800 to $900 a month for a place to live, about a $100 increase in rent over the last five years. As the cost of housing continues to rise, Richard Willson, executive director of the Housing Authority of Washington County, said it's becoming common for county natives who work here to live in West Virginia or Pennsylvania because of lower housing costs. He said an influx of residents from the Washington, D.C., and Baltimore areas to Washington County is making it hard for those with lower-paying jobs to continue living here.
NEWS
By ARNOLD S. PLATOU | February 14, 2009
Housing sales...a glint in the gloom WASHINGTON COUNTY -- A new national report shows for the first time in several months, an increase in housing sales might be on the way. The pending home sales index, computed by the National Association of Realtors, rose 6.3 percent from November to December. The index, based on contracts signed by would-be buyers, helps officials forecast sales likely to go through within two to three months. The index rates the picture nationwide.
NEWS
By ARNOLD S. PLATOU | May 15, 2010
WASHINGTON COUNTY -- Washington County's home-buying market surged in April, powered by the race to qualify for federal tax credits before they disappeared at month's end. The market jumped 10 percent to $16.9 million in deals from the 101 properties that were sold, compared to $15.3 million from the 80 properties sold in April 2009, according to Metropolitan Regional Information Systems Inc. (MRIS). Experts are saying that what happens in real estate over the next few months will tell a lot about whether the nation's recession is beginning to lose its crushing hold on the economy.
NEWS
By DANIEL J. SERNOVITZ | September 9, 2005
WASHINGTON COUNTY daniels@herald-mail.com Daniel Johnson, who recently bought a home in Hagerstown after moving to the area three years ago, nearly gave up looking in Washington County because of the cost of houses here and the red-hot seller's market. "My wife and I went through a process of realizing that we may not be able to purchase a house (here)," said Johnson, senior elder at Fellowship Bible Church. "The housing market was so hot and so quick that if you were slow in any sort of way, you kind of missed the sale.
NEWS
By ARNOLD S. PLATOU | arnoldp@herald-mail.com | February 3, 2013
Washington County's home sales market bumped up in 2012 over the previous year for its first annual increase since before the recession. Sales rose 2 percent to $187.7 million in total purchases, compared to $183.5 million in 2011, according to data from Metropolitan Regional Information Systems Inc. The price of homes sold jumped about 8 percent, the MRIS data shows. Although fewer properties were sold, those that did sold much faster than at 2011's pace, the data shows. This is good news, but there's a bad side to it, too, said Betty Hays, president of the Pen-Mar Regional Association of Realtors, which has more than 500 members in Washington County and in Pennsylvania's Franklin and Fulton counties.
ARTICLES BY DATE
NEWS
By ARNOLD S. PLATOU | arnoldp@herald-mail.com | February 10, 2013
Washington County was king of the region's real estate market before the recession, posting more in total sales than any Tri-State-area county west of Frederick. But in the past two years, Washington County has lost its crown, with sales growing more slowly than in Franklin County, Pa., which has taken the lead, according to data from Metropolitan Regional Information Systems Inc. In 2012, Franklin widened its lead and Berkeley County, W.Va., muscled into second place, MRIS data shows.
Advertisement
NEWS
By ARNOLD S. PLATOU | arnoldp@herald-mail.com | February 3, 2013
Washington County's home sales market bumped up in 2012 over the previous year for its first annual increase since before the recession. Sales rose 2 percent to $187.7 million in total purchases, compared to $183.5 million in 2011, according to data from Metropolitan Regional Information Systems Inc. The price of homes sold jumped about 8 percent, the MRIS data shows. Although fewer properties were sold, those that did sold much faster than at 2011's pace, the data shows. This is good news, but there's a bad side to it, too, said Betty Hays, president of the Pen-Mar Regional Association of Realtors, which has more than 500 members in Washington County and in Pennsylvania's Franklin and Fulton counties.
NEWS
By ARNOLD S. PLATOU | arnoldp@herald-mail.com | August 4, 2012
The median prices of homes sold here from January through June rose to an average of $143,150, data from Metropolitan Regional Information Systems Inc. shows. That price was 8 percent, or more than $10,000, higher than median prices locally in the same period last year, MRIS data shows. In June alone, the median price jumped to $166,950, an increase of 19 percent, or nearly $27,000, compared to the median price in June 2011. The rising prices, lifted in some cases by bidding wars and the fact that sales are coming faster, is sweet news for sellers.
NEWS
By ARNOLD S. PLATOU | May 15, 2010
WASHINGTON COUNTY -- Washington County's home-buying market surged in April, powered by the race to qualify for federal tax credits before they disappeared at month's end. The market jumped 10 percent to $16.9 million in deals from the 101 properties that were sold, compared to $15.3 million from the 80 properties sold in April 2009, according to Metropolitan Regional Information Systems Inc. (MRIS). Experts are saying that what happens in real estate over the next few months will tell a lot about whether the nation's recession is beginning to lose its crushing hold on the economy.
NEWS
By ARNOLD S. PLATOU | December 19, 2009
WASHINGTON COUNTY -- Washington County's home-buying market came roaring back last month, rising to $20.48 million -- nearly double sales of a year ago. November's results strengthened signs of a rally in October, marking the first time in almost four years that sales here have increased two straight months. The surge was powered mostly by first-time homebuyers, scrambling to meet the Nov. 30 deadline to qualify for a federal tax credit, said Joan McLernon, president of the PenMar Regional Association of Realtors.
NEWS
By ARNOLD PLATOU | April 25, 2009
WASHINGTON COUNTY -- Housing sales were a bit of a bright spot last month in a mostly grim-looking economy in Washington County. In all, 82 properties were sold in March compared to 79 a year ago, according to Metropolitan Regional Information Systems Inc. The increase, the county's first since October, boosted the local real estate market to $15.3 million, though that still was a bit smaller than a year ago as prices hung back. Meanwhile, new information from the Maryland Comptroller of the Treasury's office shows consumers and contractors still are holding onto their dollars tightly.
NEWS
By ARNOLD PLATOU | February 22, 2009
o What ran Sunday: Why would anyone put their property up for sale now, during what is the worst time to try to sell a house in years? Location, location, location might be the ruling factor in real estate sales in normal times, but nowadays it's price, price, price. "In years past, pricing was key but you had other things that carried more weight," said Joan McLernon, president of the Pen-Mar Regional Association of Realtors. "But in today's market, it is price.
NEWS
By ARNOLD PLATOU | February 21, 2009
o Coming Monday: Getting the price right is the key to selling success. WASHINGTON COUNTY -- When Gertrude "Trudy" Brodowski died, her sister decided to stay in Hagerstown until Trudy's house was sold rather than return to her own home in North Carolina. Trudy died Feb. 23, 2008 -- almost a year ago today -- and her baby sister, Patricia Nostitz, finally has gotten a contract on the house. The selling price is $60,000 less than Nostitz first had asked, but after waiting all this time, she is ready to go home.
NEWS
By ARNOLD S. PLATOU | February 14, 2009
Housing sales...a glint in the gloom WASHINGTON COUNTY -- A new national report shows for the first time in several months, an increase in housing sales might be on the way. The pending home sales index, computed by the National Association of Realtors, rose 6.3 percent from November to December. The index, based on contracts signed by would-be buyers, helps officials forecast sales likely to go through within two to three months. The index rates the picture nationwide.
NEWS
By ARNOLD S. PLATOU | February 14, 2009
A comparison of housing deals WASHINGTON COUNTY -- Housing sales in Washington County dipped to their lowest level in several years in 2008. Sales fell 25 percent to $218 million, compared to $291 million in 2007, according to The Herald-Mail's analysis of data from Metropolitan Regional Information Systems Inc. The market is barely a third of 2005's $578 million. But there is a glint of good news in the gloom. The rose in the weeds is small, but noteworthy because it stems from the same kind of good news that excited financial markets nationwide early this month.
The Herald-Mail Articles
|