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GREATER BALTIMORE WATERFRONT

MARKET TRENDS

MAY 2024

Our trends are the culmination of 10 years of hard work and dedication to and analyzing data that accurately reflects the most important metrics in our industry. We have full confidence in the reliability and comprehensiveness of our data, and we it can provide valuable insights to our audience.

 

By leveraging this information, we can help our customers make informed decisions and stay ahead of the competition in a constantly evolving market. Count on us to provide you with the most accurate and up-to-date information to you succeed.

deep dive

AVERAGE
SQuare FT

2,562

AVERAGE PRICE

$676,147

TOTAL
SALES

17

AVERAGE PpSF

$311.92

BY THE NUMBERS

AVERAGE BEDS

3

AVERAGE BATHS

3

AVERAGE DAYS

47

LIST TO SALE PRICE

91.1%

MOM = MONTH OVER MONTH CHANGE | YOY = YEAR OVER YEAR CHANGE | YTD = YEAR TO DATE CHANGE | DATA PULLED DIRECTLY FROM BRIGHT MLS. 

WHAT LISTED THIS MONTH

THE TOP 10 LISTINGS

WHAT SOLD THIS MONTH

THE TOP 10 SALES

OUR TAKEAWAYS

1

INVENTORY

Total sales are the number of closed transactions at the end of the month. Days on market is the number of days it takes to ratify a contract on a property. Both are great stats to observe the inventory in today's market.

2

LUXURY IS DEFINED BY QUALITY

3

RATE SENSITIVITY

We like to track how buyers in our market are purchasing things, not just what they are purchasing. That means conventional loans, cash purchases, VA loans or some other means are tracked in our systems and give us some insight into the financials on luxury and waterfront properties.

Our area is loaded with luxurious properties in both location and design that absolutely define what it means to live the lux life in Maryland.

IF YOU WOULD LIKE MORE INFORMATION ON THE MARKET FOR YOUR HOME, PLEASE LET US KNOW

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