Coronavirus Maryland real estate market trends are being put together by our MLS, Bright MLS. Here is the update for April 26, 2020.
A reminder from past weeks’ posts, Bright MLS covers a large swath of states, so they have statistics for a number of areas, but then they drill down to specific state data.
Starting on page 30 of the Bright MLS multi-state report 04/26/2020, the Maryland real estate data shows the following:
In Maryland, the daily number of “New Active Listings” added to the market from 4/23-27 was right in line with last year at the same time. On Saturday and Sunday, there were more homes coming on the market than the same weekend last year. Monday was lower than last year, but still on the same upwards trajectory.
New pending listings from 4/23-26 are going up. Monday, 4/27, last year there were 328 houses placed under contract, this year at the same time, 355. This is an encouraging sign.
Closings appear to be showing the effects of COVID-19 this week. Five weeks from the stay-at-home orders, and the number of closings reported on Monday, April 27 was 251, vs 373 at the same time last year.
The daily showing activity appears to have continued picking up this weekend. On Saturday April 25, 2020, there were 6,221 showings scheduled through our service called ShowingTime, while that Saturday last year had 5,824 showings.
I appreciate this data from Bright MLS and look forward to seeing the next report so I can share with you once received.
Here are past reports:
If you have questions about getting your Timonium house ready to sell during this unprecedented time, please contact me. We can strategize together on your best next step. I would be pleased to be of service!