Baltimore real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending March 31, 2024.
Bright MLS currently covers seven states, so there is data for a number of areas.
Starting on page 24 of the Bright MLS real estate report 03/31/2024, the Baltimore real estate data shows the following:
In the Baltimore real estate market, new listings dropped from last week. They fell below 2023 numbers and remained below 2020-2022 numbers. New listings were down 6.3% from last week and down 7.8% from this time last year.
New pending sales from 3/24-31 dropped very slightly, but remained below 2020-2022 numbers. New pending sales down 0.5% from last report, and down 0.9% from this time in 2023.
The median number of days for a home to receive an acceptable contract came in at 20 days.
The weekly median list price rose, up 5.5% from last week. It stayed above 2023 numbers this week, up 7.0%, and continued to be above 2020-2022 numbers.
I appreciate this data from Bright MLS and look forward to seeing the next report so I can share with you once received.
End of month past reports:
Baltimore real estate market trends from 02/25/2024.
Baltimore real estate market trends from 01/28/2024.
Baltimore real estate market trends from 12/31/2023.
If you are considering getting your Timonium house ready to sell , please contact me. We can strategize together on your best next step. I would be pleased to be of service!
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