Coronavirus Maryland real estate market trends are being put together by our MLS, Bright MLS. Here is the update for April 20, 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 04/20/2020, the Maryland real estate data shows the following:
In Maryland, the daily number of “New Active Listings” added to the market from 4/16-20 was along the same lines as last year. It appears that people don’t list their homes much on the weekend whether there is a pandemic or not!
New pending listings from 4/16-20 are down, but starting to see them rise again from after the weekend. For example, Monday, 3/20, last year there were 368 houses places under contract, this year at the same time, 334.
The daily showing activity has definitely dropped off overall, but over the weekend, the number of showings was higher than at this point last year. In general, it is following the same peaks and valleys as last year, at a much lower level. Sunday last year had 1,476 showings, while this year, it was up to 4,915! Looking at the 2019 calendar, though, that could be due to Sunday, April 21, 2019 being Easter Sunday, and spring break for many Maryland schools.
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!