State of the Queen Anne’s County Real Estate Market June 12th, 2024!!!
Queen Anne’s County May 2024 Market Data (Year Over Year Comparison):
- 92 New Listings (+15%)
- 99 New Pendings (+12.5%)
- 86 Closed Sales (-5.5%)
- $530,000 Median Sold Price (+11.6%)
- $562,142 Average Sold Price (+13.1%)
- 180 Active Listings (+45.2%)
- 33 Average Days on Market (-22.2%)
- 97.5% Average Sold to Original List Price Ratio (-1.2%)
New Listings have outpaced Closed Sales every month this year.
Total Inventory is up 45.2% compared to May 2023! With 2.77 months of supply, Queen Anne’s County is getting closer to a neutral market for buyers and sellers. A neutral market is generally considered between 4-6 months of inventory.
For buyers, interest rates have been relatively steady so far in 2024. Ranging from the high 6’s to the low 7’s.
For more information, Schedule a FREE No-Obligation Confidential Consultation! We are here to help. Always the best!!!
Adam Heimbach – Real Estate Broker, REALTOR®, GRI
410-212-4898
David Weiss – Associate Broker, REALTOR®
410-703-2363
Our Team’s Website –www.MarylandsPropertyTeam.com
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