Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
From the Maryland Realtors for the entire state:
Closed sales in July 2021 were 9,685, down 3.2% from 10,001 in July 2020.
Active Listings in July 2021 were 10,164, down 30.8% from 14,685 in July 2020.
Months of Supply was 1.1 Months in July 2021, compared to 2.0 Months in July 2020.
Inventory in July was up 18.9% from last month, and up 64% from the all time low in March 2021.