Stay up to date on the real estate market for Garrett County and Deep Creek Lake in our latest update!
Deep Creek Lake February 2019 Real Estate Market Update
- By Kristin Skeweris
- Posted
Stay up to date on the real estate market for Garrett County and Deep Creek Lake in our latest update!
Catch up on all you need to know about the Garrett County and Deep Creek Lake real estate markets in our latest market update!
The weather is cooling off but the market is heating up! As we gear up to close out 2018, the real estate market for both Garrett County and Deep Creek Lake shows continued trends of low inventory and high activity. November showed increases over the 5-year-average for pending and closed sales, but decreases in total inventory and new [...]
October market activity remained high for both Deep Creek Lake and Garrett County. Closed sales were up slightly, and pending sales were up 6%. New listings were somewhat lower than the 5-year-average, falling from 44 homes to 38 homes for October. Active listings remain much lower than previous years, with 410 active listings reported in [...]
The real estate market for September mostly showed continued market trends for Garrett County and Deep Creek Lake. Active listings remain lower than the 5-year-average and total inventory continues to remain low. New listings and closed sales were flat for September. Pending sales, however, were up from the 5-year-average for the month. For [...]
The month of August generally stayed on trend for 2018. Closed Sales were down for the month. Pending Sales were up, though, which shows that buyers were still active. New Listings were up compared to the 5-year average of August. With such low inventory, it’s not surprising to see a slight increase in new listings, even this late in the [...]
The July real estate market followed the trends we've seen so far this year. The biggest statistic from July is the drop in Average Days on Market, which fell 55% from the 5 year average to 107 days. Year to date, the majority of homes are selling in 0-120 days, however, the low inventory will push more interest towards homes that have been [...]
The June real estate market for Garrett County showed increases across the board. Cloesd sales increased 21% over the 5 year average, with 45 closed sales in June. Pending Sales for June rose 20% to 54 over the 5 year average of 45. New Listings also increased slightly above the average, rising 3% from 95 to 97. Active Listings continue to [...]
The Deep Creek & Garrett County real estate markets are getting busier than ever! May saw a 14% increase in new pending sales, while closed sales matched the 5-year average with no change. New listings dropped 5% from the 5-year average, with 110 new listings in May. Active listings also continue to remain much lower, dropping 27% from the [...]
The real estate market is heating up at Deep Creek Lake! Catch up on all you need to know and our tips for buyers and sellers this spring!
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