MARCH 2022 ~ MARYLAND Housing Statistics

By
Real Estate Broker/Owner with Mackintosh REALTORS 82894
Maryland’s March 2022 Housing Data Continues Seven-Month Trend of Rising Prices and Fewer Sales
 
ANNAPOLIS, MD—April 2022—Home sales prices continued to climb in Maryland’s March 2022 housing market, while the number of units sold dropped 8%, 7,548 against 8,204 units sold in March 2021. The average sales price rose 8% to $438,619 versus last year’s figure of $406,070. Median sales prices rose 8.7%, rising to $375,000, against the March 2021 figure of $345,000.
 
For seven straight months, prices have risen as the number of units sold have fallen. The number of units pending—homes under contract—dropped 7.3%, 9,126 versus 9,846 in 2021. Despite the drop in units pending, the homes that sell are moving more quickly, as median days on market dropped to just six days; In February 2022 this figure was nine days. The number of new listings fell as well, down 5.5% to 10,376 against March 2021’s 10,972.
 
“Nationwide, we’re witnessing a weaker demand for homes, but the effects seem more pronounced here in Maryland,” said Craig Wolf, 2022 President, Maryland REALTORS®. “Across the U.S., existing home sales fell 7.2% in February, while in Maryland they dropped 13.4%. Across the nation, median days on market ranged from nine to 28 days, depending on the sale price. In March, the number of days on market was 6, averaging across all counties, all sales.  All of us—more than just REALTORS®—have to give serious thought as to how we open housing opportunity and make housing affordability a reality.”
 
 

If you are considering selling; the real sale inventory in Frederick County are still at historic low levels which makes this a serious seller's market. Feel free to contact me if you have any real estate questions, considering selling or purchasing a property soon. ~ CALL / TEXT 301-748-3696 ~

 

Comments (10)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Buzz. Buyers still need to be prepared to move quickly and sellers must have their property ready for sale. Some things don't change just become exacerbated when demand exceeds supply. Enjoy your day.

Apr 26, 2022 04:18 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Nice presentation - looks like 8% is the number to know - about 8% appreciation and 8% fewer listings - 

Apr 26, 2022 04:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Buzz... and here I thought our average days on market of 20 days in March 2022 were low in the Charlotte region! Our inventory is down to two weeks. Great report with excellent graphics.

Apr 26, 2022 04:39 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Thanks for sharing your market update.  Great information for buyers and sellers in your area.

Apr 26, 2022 04:51 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Great information. Thanks for sharing and have a wonderful day! bill

Apr 26, 2022 06:32 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It seems like the market is booming in Maryland and the graphics that you have shared make it easy for people to see what is happening.

Apr 26, 2022 06:33 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Strong numbers with it still appearing to be a sellers market due to lack of inventory.

Apr 26, 2022 09:50 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Great post Buzz! I envy how your market has gone up, but at a moderate pace.

Apr 26, 2022 01:04 PM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Buzz- what a thorough market report for Maryland and the graphics definitely stand out!!!  That's good!!!

Apr 26, 2022 06:06 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Maryland home buyers and sellers are sure to value your real estate market report, Buzz.

May 01, 2022 06:15 PM