"While sales and units saw respectable increases, months of inventory dropped slightly from 3.7 months of active inventory to just 3.0 months," said President MerryTobin. A 6 month to 6.5 month supply is considered a balanced market.
The Average Sale Price compared to Original List Price for August increased modestly from 97.0 percent to 97.1 percent in 2019.
Maryland monthly housing statistics are compiled by data as reported by Bright MLS. For the purposes of this report, "units" are defined as the closed sales and "pending units" are properties under contract. Months of inventory are based on the current active inventory and monthly sales for the corresponding month.
NOTE: UNITS ARE THE "UNITS" SOLD, PENDING ARE UNDER CONTRACT.
*Months of inventory based on current active inventory and monthly sales for the corresponding month; Data are revised on a regular basis. Readers of these reports should note that older reports have not been adjusted to reflect these revised data. This report, however, contains the latest reliable data to date.
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