Weekly Market Report: Week Ending April 28, 2024

Written By K Signings LLC

  • The median list price stays high. For the week ending April 28, the median list price stabilizes at $395,000 for the Baltimore Metro service area, which is a 6.9% jump from last year.

  • But more sellers are dropping their ask price when they do not get a quick offer. The share of active listings with a price decrease remains above last year’s level. During the week ending April 28, 0.4% of active listings in the Baltimore Metro service area have had a price decrease, which is 12.6% above last year.

  • New contracts above 2023. New weekly contract activity in 2024 is currently above last year. During the week ending April 28, there were 0.2% more new pending contracts compared to the same week last year.

This Week

  • Showings: 13,730

  • New Purchase Contracts: 939

  • Median Time to Contract: 19 days

  • New Listings: 899

  • Median List Price: $395,000

K Signings LLC https://www.ksigningsllc.com/
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