August saw several improvements in statistics over August 2023. Total Active Inventory continues to increase to more ‘normal’ levels, with 228 reported in August 2024. New Listings for August 2024 were up from last year, with a 9% increase. New Pending Sales were also up last month in comparison to last year. Units Sold also saw [...]
July was a busy month for real estate in Garrett County and Deep Creek Lake! There were 10 more New Listings last month than in 2023, and Total Active Listings are 40% higher than they were last year. While this seems like a big jump, it’s important to remember that low inventory has been an issue since mid-2020, and we’re now [...]
Looking at this past June compared to June of 2023, we see similar trends we’ve seen so far in 2024. Active Listings continue to increase at a slow and steady pace, rising 35% over last June with 220 homes for sale. New Listings for the month were also up 12%, with 65 new homes listed in June. New Pending Sales were also up [...]
Looking at May, we see that the market is beginning to shift as we move into summer. Active Listings was up 42% over May 23, with 15% more listings this year compared to last. This is a good indicator that the market is beginning to even out and move away from a ‘seller’s market’ and into a more neutral space. Closed Sales were [...]
Looking at April 2024 compared to April 2023, there are several improvements over last year, and some deviations from the trends we’ve been seeing. Active residential listings was 25% higher than last April, showing that inventory is starting to rebound and remain higher. New Listings were relatively flat, but we’ll most likely [...]
Two months into 2024 and we’re seeing some consistent trends already. Compared to last year, there were 4% more homes for sale this February. New Listings were relatively flat, with one more reported this year over 2023. Units sold were down 31% from last year, but the gap is smaller from the 5-year-average for the month of [...]
The new year is off to an interesting start! As we head into 2024, the 5-year-averages will now mostly include the COVID boom numbers, which will start to skew the results. While we’ll still compare to some of these numbers, looking at the immediate past year may create a more realistic picture as our market stabilizes to its [...]
The last month of the year showed a few shifts from the ‘norm’ that we saw for most of 2023. New Listings were up, with 32 in December 2023, compared to the 5-year-average for the month of 30. New Pending Sales were up slightly, with 35 in December compared to the average of 34. Closed Sales were down, with 38 last month [...]
Read up on the latest market statistics for Deep Creek Lake and Garrett County, Maryland. This blog covers November, Year to Date, and our advice for buyers and sellers in today's changing market.
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