February was an interesting month for the real estate market. The market hit a bit of a lull, and many of the statistics saw a drop from the 5-year-average. Closed Sales were the only improvement over the average, with 38 in February 23 compared to the average for the month of 34. New Pending Sales dropped slightly, with 35 [...]
January was a quiet month for residential real estate in Garrett County. Active Listings remained lower than previous years, with 124 in January 2023. Compared to January of 2022, however, Active Listings were up 47%. New Pending Sales were relatively flat, with 44 in January compared to the 5-year-average of47 for the month. [...]
December 2022
Overall, December was a quiet close to a year of market adjustment. There were 38 closed residential sales compared to the 5-year-average for the month of 49 homes. New Pending sales were down slightly, with 26 in December 2022 compared to the average for the month of 32. New Listings were up, with 31 in December compared to [...]
Overall, November showed a slight slowdown in comparison to recent months. Closed Sales were down 42%, with 31 closing in November 2022 compared to the 5-year-average for the month of 44 residential sales. New Pending Sales were also down, with 31 in November compared to the average of 41 for the month. Active Listings remain lower [...]
October showed various signs of market fluctuations. New Listings were up slightly, with 53 in October 2022 compared to the 5-year-average of 50 for the month of October. Active Listings continue to trend upwards as sales are slowing slightly. New Pending Sales were down, with 35 reported in October 2022 compared to the average [...]
September 2022
Overall, September was a slow month for real estate in Garrett County. As October has been busy, we look for this to be just a slow month, and not indicative of any upcoming trends. Closed Sales were down 23%, with 56 residential sales closing in September 2022 compared to the 5-year-average for September of 69 homes. New [...]
August saw slight changes from our 2022 trends. Closed Sales were down just slightly, with 46 Closed Residential Sales in August 2022 compared to the 5-year-average of 52. New Pending Sales were also down slightly, with 65 last month compared to the average for the month of 73. There were 66 New Listings reported in August 2022 [...]
The market showed definite signs of change in July, but followed recent trends for 2022. Closed Sales were down slightly, with 45 closed in July 2022, compared to the 5-year-average of 54 for the month of July. New Pending Sales were also down, with 53 recorded in July 2022 compared to the average for the month of 73. New Listings [...]
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While we’re experiencing the warm weather of summer, the market cooled off in June. Closed Sales for the month were down slightly, with 47 in June 2022 compared to the 5-year-average of 51 for June. New Pending Sales were down 43%, with 42 reported in June 2022 compared to the average for the month of 60. New Listings were also [...]
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 [...]
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