Maryland Market Minute

Marylanders took the holiday from house hunting and writing contracts reflected in lower numbers this report. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, May 31, 2024. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com (http://www.kineticrealtyinc.com/)

How many homes does a buyer make an offer on before they win the multiple bid situation? This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, May 24, 2024. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com (http://www.kineticrealtyinc.com/)

After hitting a 40-year high of 9.1% in June 2022, inflation has slowed. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, May 17, 2024. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com (http://www.kineticrealtyinc.com/)

Buyer activity fell 18.17% from last year and new contracts are off 9.4% from last year this same time as inventory is slowly climbing. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, May 10, 2024. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com (http://www.kineticrealtyinc.com/)

Some counties are seeing lower buyer interest while others are seeing more buyer interest since last year this same time. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, May 3, 2024. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com (http://www.kineticrealtyinc.com/)

One of my buyers recently used the phrase “those buyers are burning the market” and I found that phrase a perfect representation of what’s happening in today’s market. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, April 26, 2024. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com (http://www.kineticrea...

You may be hearing that homes sold in Maryland are down 13.9% from last year this same time but here’s what you haven’t heard. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, April 19, 2024. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com (http://www.kineticrealtyinc.com/)

Home prices are up in every Maryland Western Shore county this month despite interest rates in the normal range and hopeful pundits talking about prices falling. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, April 12, 2024. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com (http://www.kineticrealtyinc...

New purchase contracts and buyer home tours were down last week as a result of the holiday and Spring break. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, April 5, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Office www. KineticRealtyInc.com

Buyer activity is stronger in areas with more inventory than in those areas with limited inventory and the majority of homes going under contract are in the lower priced ranges. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, March 29, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Most Maryland counties, with the exception of the Eastern Shore counties, are seeing slower buyer activity as homes begin to come on the market for Spring. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, March 22, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Prices throughout Maryland are up year to date and some as high as 59%! This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, March 15, 2024. HB 1515 – Sales Tax on Services - https://youtu.be/At4B-hkWHIw?feature=sharedFOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

No recession for you! The U.S. economy continues to buck last year’s predictions of a recession and those same economists are now saying that they don’t see a recession coming in the next 12 months. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, March 8, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc...

Some buyers are leaving the market as prices continue to rise and the mortgage rate ticked up. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, March 1, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Interest rates are rising and so is the inventory while contracts are falling. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, February 23, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Mortgage interest rates remain steady for both 15-year and 30-year fixed-rate mortgages. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, February 16, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Buyer activity rose week-over-week though activity is down 11.6% from last year this time. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, February 9, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

The reality of the Maryland housing supply and affordability Crisis is finally being heard at the legislation level. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, February 2, 2024. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com

Showings were down this week but purchase contracts were up 4.6% from last week despite the snow storm. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, January 26, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Weather does affect the real estate market. When inclement weather hits, showings stop but the desire to buy does not. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, January 19, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Homes are selling faster than they were one year ago and prices are up in every county. How much? This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, January 12, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Inventory shortages continue to be a real factor in Maryland and the primary driver of price growth. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, January 5, 2024. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Fed raised interest rates 11 times taking the interest rate near 8%, the highest level in more than 22 years. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, December 29, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officewww. KineticRealtyInc.com

Homes are selling faster than they did last year and with the recent fall in interest rates, buyers and sellers remain engaged in the market despite the time of year when things naturally slow due to the holidays. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, December 22, 2023. FOR MORE INFORMATION:Kinetic Realty, Inc.(443) 776-0996 Officeww...

Maryland home prices are up 7% from last year this time but it is taking a few more days before contract in most areas. This and more from Kimberly Barton of Kinetic Realty in this week’s Maryland Market Minute for Friday, December 15, 2023. FOR MORE INFORMATION: Kinetic Realty, Inc. (443) 776-0996 Office www. KineticRealtyInc.com