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.
October 2023
Looking at October, we mostly see similar trends and relatively flat metrics in most areas. There were, however, some areas of improvement over 2022. There were 44 homes sold in October 23, compared to the 5-year-average of 60 homes. Comparing this year to last year, though, there were only 48 homes sold in October 2022, so it [...]
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September kept true to the current trends we’ve been seeing throughout the summer. Overall, total active listings remain lower than past years, however, that gap is lessening as the 5-year-average is beginning to include 2020, 2021, and 2022 – where inventory first dropped. New Listings were down 10 homes from the [...]
August 2023
Despite a busy summer, the real estate market stalled in August. Closed Sales were down, with 40 closing in August 23 compared to the 5-year-average for the month of 53. New Pending Sales were also down, with 47 reported in August 23 compared to the average of 70. Active Listings remain lower than in years past, with 161 [...]
Despite a strong second quarter, the market stalled slightly in July. Closed Sales were down, with 39 homes sold in Julye 2023 compared to the average of 52 for the month. New Listings were also down, with 49 homes listed in July 23 compared to the 5-year-average of this month of 72 homes. New Pending sales were also down, with 50 [...]
The real estate market is starting to see some small shifts as we make it to the halfway point of 2023. For June 23, Closed Sales were right on the 5-year-average of 52 homes sold. Compared to June 2022, Closed Sales were actually higher this past June. New Pending Sales were down from the 5-year-average, with 38 in June 23 [...]
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May 2023
While it might be cliché to say – the weather isn’t the only thing heating up. May saw a shift from the previous 2023 months, with a rise in Closed Sales and New Pending Sales. Closed Sales were relatively flat compared to the 5-year-average, with 44 in May 2023 compared to the average of 45. New Pending says were up just [...]
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