It was a busy month! In what is typically the tail-end of our ‘listing season,’ June New Listings came in at 81, a 4% drop from the 5-year-average of 84 for the month of June. Active Listings (total inventory) remains very low, dropping 184% from the 5-year-average of 336 to the total inventory of 118 in June 2021. There were 66 [...]
Railey Realty and Railey Vacations teamed up with Dutch’s at Silver Tree to host HART for Animal’s annual Guest Bartending Challenge. In a typical year, local real estate and rental company’s host this event through the spring at different locations to help raise money for HART. All events were cancelled in 2020 due to pandemic restrictions, [...]
May was a busy month, following our current market trends for the most part. After a drop below average for New Listings in April – the first time this was below average in several months despite low inventory – May 2021 closed a gap a bit, with 91 new listings compared to the average of 95. Active Listings remain well below [...]
April 2021
Year to Date
Buyers
Sellers
As part of First Energy Corp’s EV Driven program, new electric vehicle (EV) chargers were installed at the Garrett County Chamber of Commerce Visitors Center. Two fast chargers, capable of charging an electric vehicle to 80% in an hour or less, and one Level 2 charger, which can deliver 8-24 miles per hour of charge, for up to four hours [...]
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In a busy seller’s market, it’s tempting to want to sell your home on your own. Buyers are desperately searching for homes and it’s easier than ever to share your home with potential buyers through Zillow and Facebook. So, what are the drawbacks to selling your home on your [...]
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Closed Sales, New Listings, and New Pending Sales all saw increases for the month of March. This follows the trends we’ve seen the last several months. Despite overall low inventory, new listing activity remains higher than average, which is important to note. There were 82 New Listings in March 2021, a 21% increase over the [...]
The Garrett County and Deep Creek Lake real estate markets continue to see high demand, despite the typically slower winter season. February 2021 followed suite with recent market trends. Closed Sale were up 37%, with 37 homes sold in February 2021 compared to the 5-year-average for the month of 27. New Pending Sales were up [...]
Catch up on the latest real estate market statistics for Deep Creek Lake & Garrett County! See how January 2021 fared, current trends in our market, and our advice for Buyers and Sellers.
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