Here are your Central Maryland real estate stats for July 2023! Click the links below to get information for each county.
You’ll notice a dramatic lack of inventory which has been driving the “Seller’s Market” we’ve been experiencing for some time now. Total units sold in Maryland is down 26%, comparing 2022 to 2023 YTD.
What happens when supply is low but demand is high? This: the median sold price has increased for several counties, the days on market (the time it takes a home to sell) are relatively low and homes are typically selling for more than they were listed for.
What does this mean if you are buying a home? It means that you should team up with an awesome realtor who is knowledgeable and experienced and can craft a competitive offer in this market. Were you expecting us to say to reach out to us if you need help? You’re right! We can help you if you need assistance.
Don’t see your county listed? Reach out to us! We’d be happy to send your county stats over to you.
