The Baltimore home demand index for January 2023 was 62, a drop of 14 points to the "limited" category from the Baltimore home demand index for December 2022 that was "slow" at 78. (Note that the index is one month behind, meaning the data for the January 2023 report is from December 2022.) The Baltimore [...]
What will happen in the 2023 real estate market? With 27 research firms with 27 different forecasts weighing in, the guess is probably somewhere in the middle of the predictions. Realtor.com has the most optimistic outlook of the 27. Economists at Realtor.com think that the median price of existing homes will rise 5.4% this year, [...]
I am truly proud to be a Cummings & Co. Realtor. I have been a licensed Maryland real estate agent for over 24 years as of October 2022. I have been affiliated with three brokerages during that time. As I have noted in the past, I do not change companies without a lot of research, [...]
The Baltimore real estate market has certainly shifted over the past few months. With rising interest rates for mortgages, but prices still staying higher than years' past, the demand for homes has dropped significantly. Though there are some areas of the Baltimore real estate market where you may still find multiple buyers bidding on homes, [...]
The Baltimore home demand index for December 2022 was 78, a drop of 12 points to the "slow" category from the Baltimore home demand index for November 2022 that was "steady" at 90. (Note that the index is one month behind, meaning the data for the December report is from November 2022.) The Baltimore home [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending December 11, 2022. Bright MLS currently covers seven states, so there are statistics for a number of areas. There is a general overview for the entire MLS, and later there is specific state [...]
The 2022 Profile of Home Buyers and Sellers from the National Association of REALTORS has been released. Here are some highlights from the 2022 Profile of Home Buyers and Sellers report: In 2022, 26% of Home Buyers were First-time homebuyers, which is a drop from 2021, where 34% of homebuyers were first time homebuyers. This [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending December 4, 2022. Bright MLS currently covers seven states, so there are statistics 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 November 27, 2022. Bright MLS currently covers seven states, so there are statistics for a number of areas. There is a general overview for the entire MLS, and later there is specific state [...]
The Baltimore home demand index for November 2022 was 90, a drop of 11 points from the Baltimore home demand index for October 2022 that was "steady" at 101. (Note that the index is one month behind, meaning the data for the November report is from October 2022.) The Baltimore home demand index is a [...]