Maryland real estate market trends are being put together by our MLS, Bright MLS. Here is the update for the week ending September 5, 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 09/05/2021, the Maryland real estate data shows the following:
Last week, there was 1.07 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 a seventh week in a row.
In Maryland, the daily number of “New Active Listings” added to the market from 8/29-9/5 from last report rose, coming in just under last year’s numbers and remaining above 2019 numbers. Listings last week were at 98.8% of the number of new listings from the same point in 2020. Going back to 2019, listings are at 109% of the amount this same week that year.
New pending listings from 8/29-9/5 dropped again this week, staying below 2020 for a fourth week in a row. They were at 94.4% of the same time frame last year, and 133.9% compared to 2019.
Closings spiked up this past week, rising above both 2020 and 2019 numbers. Closings were at 189.6% compared to 2019, and were at 109.5% 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:
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!