What this Week’s Data Means: After dipping during Thanksgiving week, newly listed homes rebounded rapidly last week but were still less than year-ago levels. As a result, the hallmarks of a competitive market persist even as some indicators moved in a buyer-friendly direction. Typical asking prices rose 9.0%, and homes sold 9 days faster than […]
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Weekly Housing Trends: Week of November 20, 2021
What this Week’s Data Means: After two weeks of gains, new listings dipped 2% below year-ago levels in the last full week before Thanksgiving. This shift has intensified some hallmarks of competition relative to last year: homes sold 11 days faster and there were 27% fewer listings available for sale. One indicator that didn’t shift, however, […]
Fire Safety Prevention Tips for Your Tree and the Holidays
Christmas trees are an essential part of the holiday season. But they also cause an average of 200 home fires per year, resulting in an average of six civilian fire deaths, 16 civilian fire injuries, and $14.8 million in property damage, according to studies conducted by the U.S. Fire Administration’s National Fire Incident Reporting System and the National […]
Weekly Housing Trends: Week of November 13, 2021
What this Week’s Data Means: Our research team releases regular monthly housing trends reports. These reports break down inventory metrics like the number of active listings and the pace of the market. In addition, we continue to give readers more timely weekly updates, an effort that began in response to the rapid changes in the economy […]
Weekly Housing Trends: Week of November 6, 2021
What this Week’s Data Means: On a positive note, new listings this week were higher than we saw at this time one year ago, the first uptick in eight weeks. Although it’s a contrast to monthly trends observed in September and October, it is consistent with our recent survey about homeowner plans which shows that a growing number of […]
Weekly Housing Trends: Week of October 30, 2021
What this Week’s Data Means: Indicators from home price growth to the change in active inventory and time on the market remain stuck in a narrow range relative to one year ago, neither heating up nor cooling down. Even the relatively variable new listings trend has been fairly steady in the last 7 weeks. The […]
Weekly Housing Trends: Week of October 23, 2021
What this Week’s Data Means: As we approach the end of October, the housing market is in a holding pattern at a relatively brisk level of activity. Indicators from home price growth to the change in active inventory and time on the market remain stuck in a narrow range relative to one year ago, neither heating […]
Weekly Housing Trends: Week of October 16, 2021
Real estate markets are settling in a more typical seasonal pattern as we progress through October. Lower temperatures are cooling the overheated pace of activity seen during the early months of 2021. While the number of for-sale properties remains below the number of homebuyers looking for their next home, the turnover in listings is slowing, […]
Weekly Housing Trends: Week of October 2, 2021
What this Week’s Data Means: Early fall is usually the best time of year for buyers to purchase a home, with the nationwide optimal time for homebuyers expected to be this week. With September inventory hitting 2021 highs, this season holds promise even though one of the big take-aways from this week’s data is that weakness in the […]
Find Out What Your Home Is Really Worth!
One of the most important steps before you sell is to determine your current home value in Baltimore. You cannot simply remind yourself what you originally paid for the home because the value has very likely changed since then. If you do that, you may end up losing money (if the price is too low […]
