Maryland Market Minute

Due to the rise in housing prices,FHFA just released the new conforming loan limits for 2024. The limit rose from $726,200 to $766,550 in most counties, with higher priced counties rising to $1,149,825. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, December 8, 2023. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. Kineti...

Due to the rise in housing prices, FHFA just released the new conforming loan limits for 2024. The limit rose from $726,200 to $766,550 in most counties, with higher priced counties rising to $1,149,825. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, December 1, 2023. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. Kinet...

All areas of Maryland saw week-over-week buyer activity rise and new purchase contracts rose as home prices are up 6.23% year-over-year. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, November 17, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

This past week saw fewer homes going under contract despite the dip in interest rates while new inventory slid backwards. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, November 10, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Buyer showings in all regions have slowed but more inventory came to the market. Good for buyers but sellers are competing for fewer buyers. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, November 3, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Homes coming to market declined this week following weeks of rising listings as new contracts also fell. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, October 27, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Despite more homes coming to the market, buyer activity remains steady in most areas of Maryland and home prices remain stable. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, October 20, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

The median list price remains strong despite moving into the Fall market and contracts are up from last week. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, October 13, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Mortgage interest rates hit their highest levels in 20 years and the 10-yr Treasury hit its high since 2007. Fewer homes came to the market over the past week. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, October 6, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

All areas of Maryland are showing fewer buyer showings week-over-week and are well below last year this same time. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, September 29, 2023.FOR MORE INFORMATION: Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Fun fact: 47.2% of summer buyers moved within the same county and 25.9% switched counties. Buyers moving to the area from New York topped the list with Florida, California, North Carolina and Texas following. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, September 22, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. K...

Renters are now spending about 30% of their income on rent nationwide, the highest ratio for the first time in 25 years as home prices are up 30%. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, September 15, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Luxury home buyers are seeking smart homes and technology to make living easier and more convenient. Maryland has our share of luxury homes and prices vary by location. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, September 8, 2023. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com

Homes available for sale in Maryland continue to decline, dropping 22.6% to 5,915 units versus last July’s figure of 7,643 units but home prices are up 4% and days on the market continue to remain law. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, September 1st, 2023. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. Kine...

First time home buyers are tired of renting and are buying homes. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, August 11, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Montgomery County has just passed an increase of the recordation tax for homes purchased that becomes effective October 1, 2023. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, August 11, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Despite the challenges of the market, first time buyers are pushing through and making headway in this market This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, August 4 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Taylor Swift, Barbie and Beyoncé apparently are running the world and creating inflation as their fans spend money bolstering the economy everywhere they show up. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, July 28, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Homes in Maryland cost more this year than last year and some more than others, depending on the market you’re in. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, July 21, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

One Maryland market made the list for areas with the highest number of Luxury homes. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, July 14, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww.kineticrealtyinc.com

Showings this past week were down 19.5% compared to the prior week… understandable as many were preparing to travel for the Independence Day holiday but purchase contracts were actually up 2.9% This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, July 7, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Historically high rents are eating away at income and preventing many from saving enough for down payments. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, June 30, 2023. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com

The inflation rate dipped and the Fed paused rate hikes for the first time in 14 months but more hikes could be coming. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, June 23, 2023. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com

The majority of Maryland counties have enjoyed rising sales prices and buyer activity continues to be steady. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, June 16, 2023. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com

Maryland has a deficit of 120,000 homes for the demand and this is a 50% increase over the past two years. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, June 9, 2023. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com