Maryland real estate market trends are being put together by our MLS, Bright MLS. Here is the update for the week ending October 31, 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 10/31/2021, the Maryland real estate data shows the following:
Last week, there was 1.26 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 fifteenth week in a row.
In Maryland, the daily number of “New Active Listings” added to the market from 10/24-31 from last report dropped again, coming in just above 2019 and below 2020 numbers. Listings last week were at 97.4% of the number of new listings from the same point in 2020. Going back to 2019, listings are at 106.6% of the amount this same week that year.
New pending listings from 10/24-31 fell this week, just about meeting 2020 numbers. They were at 91.8% of the same time frame last year, and 121.1% compared to 2019.
Closings rose again last week. Closings stayed above 2019 numbers but fell below 2020 numbers. Closings were at 123.7% compared to 2019, and were at 96.5% 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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