Maryland real estate market trends from COVID-19 are being put together by our MLS, Bright MLS. Here is the update for the week ending March 7, 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 21 of the Bright MLS multi-state report 03/07/2021, the Maryland real estate data shows the following:
In Maryland, the daily number of “New Active Listings” added to the market from 2/28-2/7 rose from last report, but remained below the same period last year. Luckily the listings are rising, as there are now 90.1% of the number of new listings from the same point in 2020. (Last week that number was just over 79%!)
New pending listings from 2/28-3/7 rose, but still remained below the same point last year again this week. New contracts came in at 95.3% of the same point last year.
Closings dropped some last week, but remained a good amount higher than the same point last year – closings were at a rate of 129.9% compared to the same week in 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:
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!