Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending February 26, 2023.

Bright MLS currently covers seven states, so there is data for a number of areas. There is a general overview for the entire MLS, and later there is specific state data.

Starting on page 26 of the Bright MLS multi-state report 02/26/2023, the Maryland real estate data shows the following:

Last week, there was less than one new contract written for every new listing, which means that this past week there were enough houses for sale vs homes that went under contract. For every 100 homes on the market, approximately 78 homes went under contract.

In Maryland, the daily number of “New Active Listings” added to the market from 2/19-26 dropped last week, just about meeting 2022 numbers, but below 2019, 2020 and 2021 numbers. New listings were down 1.0% from this time in 2022.

New pending listings from 2/19-26 rose, but remained well below 2019-2022 numbers. New pending sales were down 17.9% from this time in 2022.

Closings fell very slightly last week. Closings stayed well below 2019-2022 numbers, and did not follow the spike seen in past years. Closings were down 42.1% from this point in 2022.

I appreciate this data from Bright MLS and look forward to seeing the next report so I can share with you once received.

End of month past reports:

Maryland real estate market trends from 01/29/2023.

Bright MLS did not have mid-end December 2022 reports.

Maryland real estate market trends from 11/27/2022.

Maryland real estate market trends from 10/30/2022.

Maryland real estate market trends from 09/25/2022.

Maryland real estate market trends from 08/28/2022.

Maryland real estate market trends from 07/31/2022.

Maryland real estate market trends from 06/26/2022.

Maryland real estate market trends from 05/29/2022.

Maryland real estate market trends from 04/24/2022.

Maryland real estate market trends from 03/27/2022.

Maryland real estate market trends from 02/27/2022.

Maryland real estate market trends from 01/30/2022.

Maryland real estate market trends from 12/26/2021.

Maryland real estate market trends from 11/28/2021.

Maryland real estate market trends from 10/31/2021.

Maryland real estate market trends from 9/26/2021.

Maryland real estate market trends from 8/29/2021.

Maryland real estate market trends from 7/25/2021.

Maryland real estate market trends from 6/27/2021.

Maryland real estate market trends from 5/30/2021.

Maryland real estate market trends from 4/25/2021.

Maryland real estate market trends from 3/28/2021.

Maryland real estate market trends from 2/28/2021.

Maryland real estate market trends from 1/31/2021.

Maryland real estate market trends from 12/28/2020.

Maryland real estate market trends from 11/30/2020.

Maryland real estate market trends from 10/26/2020.

Maryland real estate market trends from 9/28/2020.

Maryland real estate market trends from 8/31/2020.

Maryland Coronavirus real estate market trends from 7/27/2020.

Maryland Coronavirus real estate market trends from 6/29/2020.

Maryland Coronavirus real estate market trends from 5/25/2020.

Maryland Coronavirus real estate market trends from 4/30/2020.

Maryland Coronavirus real estate market trends from 3/30/2020.

If you have questions about getting your Timonium house ready to sell , please contact me. We can strategize together on your best next step. I would be pleased to be of service!