The market is starting to see some slight adjustments as we head into summer. May 2022 saw a 7% increase in residential properties sold, with 47 selling last month compared to the 5-year-average for the month of 44. New Pending Sales were also up slightly, with 62 in May 2022 compared to the 5-year-average of 59. New Listings were [...]
Railey Realty is proud to announce the newest addition to our sales team, Jarrod Harper! As an Allegany County, Maryland, native, Jarrod spent many summers enjoying Deep Creek Lake and Garrett County. His athletic prowess earned him national recognition and a place on the West Virginia Mountaineer Football Team, and eventually a spot on the [...]
Railey Realty is thrilled to announce that our very own Bill Weissgerber was named the 2022 recipient of the Heise Entrepreneurial Spirit Award!! This award is granted to business owners who have shown business acumen, dedication to their community, and a drive to succeed and grow their [...]
Railey Realty and Railey Vacations teamed up once again for their annual Have a HART Guest Bartending Event. This fundraiser directly supports HART for Animals, a local shelter that provides housing and resources to lost and abandoned animals for Western Maryland and the surrounding area. The event features a silent auction, 50/50 raffle, [...]
Overall, April 2022 was relatively flat, with small fluctuations over the 5-year-average for the month. Closed Sales were up 8%, with 41 in April 2022 compared to the 5-year April average of 38. New Pending Sales were down slightly, with 41 reported in April 2022 compared to the average of 45 for the month. New Listings were down [...]
Two of Garrett County’s elected officials, Delegate Wendell Beitzel and State Senator George Edwards, provided their annual Legislative Update at the Garrett County Chamber of Commerce’s Business Before Hours event. Edwards and Beitzel each took turns covering recent legislation, both that passed and failed, and what it means for the [...]
Overall, the month of March was relatively ‘on average’ with the past 5 years. Closed Sales were flat, with 43 in March 2022 compared to the 5-year-average for the month of 45 sales. New Pending Sales were also right on average, with 56 in March 2022 compared to the average of 55. New Listings were up slightly, with 70 homes [...]
As we head into the spring market, we’re seeing recent trends settling in. The lack of inventory is being felt across the board. While Closed Sales in February 2022 were up 29% compared to the 5-year-average for the month, New Listings and New Pending Sales saw decreases. There were 33 New Residential Listings in February 2022 [...]
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The Garrett County Chamber of Commerce help their annual Economic Forecast event, hosted by Railey Realty and First United Bank & Trust Wealth Management. Railey Realty is proud to sponsor this event each year! The breakfast and presentation were held at Ace’s Run. Presenting the Economic Forecast was Dr. Andrew Bauer, Vice President and [...]
The first month of 2022 provided an interesting outlook on what we might expect for the year moving forward. While we saw improvements in some sections, there were decreases for other sectors. Closed Sales for the month we up nearly 30%, with 40 homes selling January 22 compared to the 5-year-average for the month of 31. New [...]
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