Latest Breaking News On - Economist for the national association - Page 1 : comparemela.com

CONTRIBUTED GRAPHICS ANNAPOLIS — Maryland’s housing market continued its strong sales pace in 2021 with March sales figures of 7,964 units sold, which outpaced the previous year’s sales of 7,148 by 11.4%. The average sales price, $404,606, reflected an increase of 11.3% from March 2020, while the March 2021 median sales price of $342,500 outpaced the previous year by 8.7%. An indicator of how fast the market is moving, median days on market, dropped to just 7 days in March. Housing inventory, or the lack thereof, remains the overarching concern with the current market. For the first three months of 2021, months of inventory has remained at 0.8, while the pool of active inventory has continued to shrink. March 2021’s active inventory was recorded at 6,202— a shadow of March 2020’s active inventory, which stood at 19,061.

United statesNew hampshireNew jerseyNorth carolinaFranklin lakesFreddie macLawrence yunCharlie opplerDee millerEconomist for the national associationProminent properties sotheby international realtyNational association of realtorsChief economistNational associationMarket hotness indexHome buyers