MAY 2022 ~ MARYLAND Housing Statistics
By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
Maryland’s May 2022 Housing Statistics Reveals Slight Easing of Inventory Amidst Rising Prices and Fewer Homes Sold ANNAPOLIS, MD—June 13, 2022—Home prices continued to rise, according to the latest Maryland REALTORS® Housing Statistics report, with average sales prices rising 11.4% to $484,283, compared to 2021’s figure of $434,847. Median sales prices rose 9.5% to $405,000 against last year’s median price of $370,000. As these prices have risen, unit sales have continued to drop; units sold in May 2022 dropped 12.3% to 8,467 versus last year’s volume of 9,658. While active inventory dropped 25.3% in May, the inventory gap between 2022 and 2021 appears to be shrinking since January 2022, when active inventory dropped 41.8%. Months of inventory have been increasing as well: since Febr...
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