Maryland Real Estate in March: Sales Up 11% YoY, Inventory Down 67% YoY

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 March 2021 were 7,964, up 11.4% from 7,148 in March 2020.

Active Listings in March 2021 were 6,202, down 67.5% from 19,061 in March 2020.

Months of Supply was 0.8 Months in March 2021, compared to 2.5 Months in March 2020.