The Baltimore home demand index for April 2023 was 83, a gain of five points in the "slow" category from the Baltimore home demand index for March 2023 that was "slow" at 78. (Note that the index is one month behind, meaning the data for the April 2023 report is from March 2023.) The Baltimore [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending April 9, 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 [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending April 2, 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 [...]
Many sellers are sitting out the Spring 2023 real estate market across the US. New listings fell again in March, which is down 20% from the same month last year, according to a CNBC article on March 30, 2023. February 2023 had a 16% drop in listings, so this was an even deeper drop. Listings [...]
Pending home sales across the US rose for a third consecutive month in February 2023. The National Association of REALTORS(R) "Pending Home Sales Index," which is based on signed accepted contracts on existing homes, rose 0.8% last month to 83.2. This is the highest level we have seen since August 2022. It is down, though, [...]
Renovation trends in 2023 comes from a study done by Houzz. This was a large survey of Houzz users - 46,118 people, which included 24,667 who are either currently renovating, planning to renovate in 2023, or did home renovations in 2022. Of those surveyed and did a home renovation in 2022, 61% said they plan [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending March 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 [...]
The Fed hiked the interest rate up 1/4 of a point on Wednesday, March 22, in an attempt to continue to fight inflation. This is the ninth interest rate hike in the past year. The Fed did imply that the collapse of Silicon Valley Bank and Signature Bank may pause further increases in interest rates, [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending March 19, 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 [...]
6 Timberwood Court is a home in Hunt Valley Station on the market for $715,000. *SOLD 5/2/23 for $735,000!* This Hunt Valley Station home has 2,624 square feet above ground, which does not include the basement. The lower level is finished with a rec room, a bonus room that could be used as a bedroom, [...]