Would-be buyers in 2021 have many of the same advantages and challenges that have we’ve seen in a housing market that has been ultra-competitive since regaining its footing after the initial pandemic dip. Lower mortgage rates make monthly payments for higher-priced homes more manageable, but finding a home that checks the right boxes amid limited […]
Market News
Market News
Weekly Housing Trends: Week of February 1, 2021
Weekly Housing Trends – Key Findings • Median listing prices grew at 15.0 percent over last year, notching 23 consecutive weeks of double-digit price growth. In 2020, lower mortgage rates have blunted the otherwise dampening effect that higher prices could have on buyer demand. • New listings continue to fall behind the year-ago pace–registering […]
Weekly Housing Trends: Week of December 21, 2020
Here’s what the housing market looked like last week. Housing market interest remains high, but it’s lopsided. Buyer demand remains far more recovered than supply and continues to grow. Interestingly, we saw slight pullbacks in listing price growth and time on market even as the number of homes for sale hit a new low. With […]
Weekly Housing Trends
Weekly Housing Trends – Key Findings Median listing prices grew at 13.5 percent over last year, marking the 17th consecutive week of double-digit price growth. Rising home prices can sometimes sap the energy from buyer demand as affordability becomes a challenge, but with mortgage rates still nearly a whole percentage point below year-ago levels, the market has not […]
Central Maryland October Housing Report
The Central Maryland October Housing Report shows that Median listing prices continue to grow at 12.9 percent over last year. Economists, market watchers, and most especially buyers have been looking for signs of a slowdown in the housing market that has been red hot since its post-pandemic recovery. So far, at least, the median listing price continues […]
Update: Weekly Housing Trends
Update: Weekly Housing Trends Key Findings: Median listing prices continue to grow at 12.9 percent over last year, marking the 13th consecutive week of double-digit price growth. Economists, market watchers, and most especially buyers have been looking for signs of a slowdown in the housing market that has been red hot since its post-pandemic recovery. So far, […]
Homesellers: How to Get the Price You Want
“Depending on how a buyer is made aware of your home, price is often the first thing he or she sees. As a result, many homes may not be shown because they are discarded by prospective buyers for not being in the appropriate price range.” Pricing Strategy Starts with Good Information Before you can begin to know […]
Central Maryland June Housing Report
Central Maryland June Housing Report June Houses Sold: 3,211May 2020: 2,365MTM Change: 26%June 2019: 3,409YOY Change: -6%Average Sold Price $356,495Median Sold Price: $335,000Average Pending: 2,9151 Inventory June 2020: […]
Mortgage Rates Hit All-Time Low
Mortgage rates hit an all time low. In fact, they reached a stunning new all-time-low heading into the July 4th holiday weekend, according to the latest data released Thursday by Freddie Mac. The average rate for a 30-year fixed-rate mortgage averaged 3.07 percent, down from 3.13 percent the week prior and 3.75 percent a year […]
Central Maryland May Housing Report
Houses Sold: 2,300Average Sold Price $352,415Median Sold Price: $335,000Average Pending: 3,0791 Year to Year Inventory:May 2020: 5,050May 2019: 13,331Change: -62% Inventory Accumulation1May 2020: 2May 2019: 3.9 Average List PriceMay 2020: $370,373May 2019: $355,581Change: +4% New ListingsMay 2020: 3,628May 2019: 4,056Change: -11% May Housing Report: Mortgage Rates Reach All-Time LowThe size and […]
