Post-Covid Real Estate Market

A few stats about the 21146 Real Estate market that I find interesting…
New Pendings 3/20-4/20
202020192018
Under 400K7712
400-50051611
500-60071116
600-700588
700-800234
800+275
285256
New Listings337979
Some additional info…
  1. # of new contracts 3/20-4/20 is down 46% from last year and 50% from 2018, but # of new listings over the same time period is down 58% from both years.
  2. % of homes listed 3/20-4/13 and under contract by 4/20 is 48% compared to 37% and 42% in ’19 and ’18
  3. While it is too early to know the closing prices for post-covid homes, asking prices for houses going under contract since 3/20 are fairly consistent with prior years
Hard to draw conclusions from such a limited sample, but it does appear there is still a lot of demand for houses in Severna Park, and while the overall market is undoubtedly down, as a percentage of available listings, the market seems very strong.
 

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