Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year. Remember sales were weak in April 2020 due to the pandemic, so the YoY sales comparison is easy.
From the Maryland Realtors for the entire state:
Closed sales in April 2021 were 8,566, up 27.1% from 6,739 in April 2020.
Active Listings in April 2021 were 7,167, down 61.4% from 18,563 in April 2020.
Inventory in April was up 15.6% from last month.
Months of Supply was 0.8 Months in April 2021, compared to 2.5 Months in April 2020.