Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending December 26, 2021.
Bright MLS current covers seven states, so there are statistics for a number of areas. There is a general overview for the entire MLS, and later there is specific state data.
Starting on page 24 of the Bright MLS multi-state report 12/26/2021, the Maryland real estate data shows the following:
Last week, there was 1.89 new contract written for every new listing, which means that this past week, there were not enough houses for sale then homes that went under contract for the twenty-third week in a row, and the highest & of new contract per listing in the past year.
In Maryland, the daily number of “New Active Listings” added to the market from 12/19-26 from last report dropped, remaining above 2019 numbers, but below 2020 numbers. Listings last week were at 91.8% of the number of new listings from the same point in 2020. Going back to 2019, listings are at 112.4% of the amount this same week that year.
New pending listings from 12/19-26 dropped this week, remaining below 2020 numbers, and remaining above 2019 numbers. They were at 96.3% of the same time frame last year, and 128.5% compared to 2019.
Closings also fell last week. Closings stayed above 2019 numbers and went above 2020 numbers. Closings were at 153.8% compared to 2019, and were at 112.5% compared to the same week from 2020.
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:
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