May 2025
May was a busy month! There were 76 New Listings in May 2025, matching new listings in May 2024. Total Active Inventory continues to slowly increasing, with 264 homes for sale last month, a 27% increase over 2024. Closed Sales were up slightly, and New Pending Sales were down just two units. Days on the Market for the month came in at 59 days, just a small increase from 52 days in May 2024.
Year to Date – January – May 2025
Despite a strong May, data is still trending downwards in most categories. There have been 10% less homes sold so far in 2025, with 151 sold, compared to 168 in 2024. The average sales price for a home so far this year is $572,093, down 12% from $647,627 in 2024. Days on Market has continued to trend upwards, coming in at 85 days, up nearly 30% from last year. Roughly 40% of homes are still selling in 0-30 days, though. Interestingly, we’re seeing average prices for 2 & 3 bedrooms homes increasing slightly over 2024, while 4+ bedrooms have seen price decreases.
Buyers
Summer is busy! New Listings are still hitting the market in large numbers, and buyer competition should still be a concern, especially if you’ve missed out on properties that have quickly gone under contract. The advantage of a Railey Realty agent? They get intel on homes before they even hit the market – and since Railey Realty lists nearly 60% of all homes at Deep Creek, that means your agent has the inside scoop you can’t get anywhere else. They can also set you up on auto-alerts that notify you any time a property that fits your criteria hits the market or if a property sees a price change that puts it into your price range! Our area is unique…you should feel confident that your agent knows the area, the neighborhoods, the one-off needed paperwork (hello, Conservation Easement!), and can properly guide you through the types of inspections you should be requesting! Did you know that not all homes can be rented as a short term vacation rental? In addition to community restrictions, there are also county ordinances it may need to meet. Your home town agent may not know that, but your local Railey Realty agent does!
Sellers
Active Inventory continues to rise and we’re still seeing a large number of New Listings hitting the market. How do you make your home stand out amongst the competition and online where most searches start? Your REALTOR should be able to answer that question – and easily! The agents at Railey Realty know how to get your property noticed amid the crowd. Using state of the art photography, virtual mapping, drone photography, and proven marketing strategies that mix traditional print and digital media advertising. And that’s just the tip of the iceberg!
Ready to get started? Click here to fill out an online form and get connected with an agent or call our office 7 days a week at 301-387-2000.
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