Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending January 29, 2023.
Bright MLS currently 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.
Again this week, the data is missing a number of stats. Hopefully it will be corrected for next week.
Starting on page 20 of the Bright MLS multi-state report 01/29/2023, the Maryland real estate data shows the following:
In Maryland, the daily number of “New Active Listings” added to the market from 1/23-29 is missing. I did my own research through our MLS, and it appears there were 343 new listings in Maryland last week. Two weeks ago, there were 554 new listings, so the number of homes coming on the market has dropped significantly in the past two weeks. New Maryland listings in past years at this time were between 850-2,000, so 343 is really low.
The data is also missing on the number of contracts for each new listing. Hopefully that will be corrected next week. This week, if I ran numbers in our MLS, and it appears there were 741 homes that went under contract. With 343 new listings, that means there were 2.16 new contracts accepted for every new listing.
New pending listings from 1/23-29 plummeted, remaining well below 2022 numbers and 2021 numbers. They were at 73.3% of the same time frame last year (2022,) and 84.4% compared to 2019. (Though I will say, the chart doesn’t seem to read that they are even at 70% of past years.)
Closings rose very slightly last week. Closings stayed well below both 2022 and 2021 numbers. Closings were at 26.9% compared to 2022, and were at 38.9% compared to the same week from 2019.
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:
Maryland real estate market trends from 11/27/2022.
Maryland real estate market trends from 10/30/2022.
Maryland real estate market trends from 09/25/2022.
Maryland real estate market trends from 08/28/2022.
Maryland real estate market trends from 07/31/2022.
Maryland real estate market trends from 06/26/2022.
Maryland real estate market trends from 05/29/2022.
Maryland real estate market trends from 04/24/2022.
Maryland real estate market trends from 03/27/2022.
Maryland real estate market trends from 02/27/2022.
Maryland real estate market trends from 01/30/2022.
Maryland real estate market trends from 12/26/2021.
Maryland real estate market trends from 11/28/2021.
Maryland real estate market trends from 10/31/2021.
Maryland real estate market trends from 9/26/2021.
Maryland real estate market trends from 8/29/2021.
Maryland real estate market trends from 7/25/2021.
Maryland real estate market trends from 6/27/2021.
Maryland real estate market trends from 5/30/2021.
Maryland real estate market trends from 4/25/2021.
Maryland real estate market trends from 3/28/2021.
Maryland real estate market trends from 2/28/2021.
Maryland real estate market trends from 1/31/2021.
Maryland real estate market trends from 12/28/2020.
Maryland real estate market trends from 11/30/2020.
Maryland real estate market trends from 10/26/2020.
Maryland real estate market trends from 9/28/2020.
Maryland real estate market trends from 8/31/2020.
Maryland Coronavirus real estate market trends from 7/27/2020.
Maryland Coronavirus real estate market trends from 6/29/2020.
Maryland Coronavirus real estate market trends from 5/25/2020.
Maryland Coronavirus real estate market trends from 4/30/2020.
Maryland Coronavirus real estate market trends from 3/30/2020.
Maryland Coronavirus real estate market trends from 03/24/2020.
If you have questions about 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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