Maryland Real Estate - Market Update for October 2022

By
Real Estate Agent with Hollish Hill Group, JPAR Stellar Living

Curious about what's happening in real estate? 

I know you are. Interest rates are up, and there are so many predictions in the media that it's difficult to know what is happening now. Believe me, it's not all doom and gloom.

Let's focus on Maryland for a moment. 

As you can see, less units sold in October 2022 than in October 2021. Inventory has been very tight so that is not at all surprising. Both the average and median price increased this year over last year. Pending and Active listings are down as well. Again, not surprising. And the months of inventory is exactly the same as last year. That is partly because the days on market is slightly higher than than last year. 

This trend looks as if it will continue because we are seeing fewer new listings this month than we did in October of 2021.

One thing I've noticed is that not all neighborhoods are seeing the same results. If you are interested in finding out what is happening in your neighborhood in Maryland, DC, or Northern Virginia, just give me a call at 202.271.5301.

Posted by

______________________________________________________________________

Dana Hollish Hill
REALTOR * Broker * Coach 
JPAR Stellar Living
800 S Frederick Ave, Suite 200, Gaithersburg, MD 20877
office 301.944.9070  
cell  202.271.5301
web danahill.jpar.com

Comments (3)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Dana and thank you for the great information to share with us here in the Rain.  Make it a  great week

Nov 21, 2022 10:47 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Dana Hollish Hill this is great information for both Buyers and Sellers in your area.

Nov 21, 2022 11:23 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Enjoyed your blog page, and I added you as a friend. I would love the follow back. Bill

Nov 21, 2022 11:28 AM