Deep Creek Lake Real Estate Market Update for November 2017

Deep Creek Lake Real Estate market update for November 2017:

Your Deep Creek Lake real estate update gives you a snapshot of both Garrett County stats as well as the state of Maryland for comparison.

Residential home sales in Maryland rose by 2.5 percent over 2016. That indicates a steady fall market, according to the Maryland REALTORS. For the fifth month in a row, there were steady increases. The average and median home prices rose by 1.7% and 2.6% percent respectively, as compared to the same time in 2016. 

Deep Creek Lake Real Estate Market Update

“We are encouraged by the reversal from last month, as seen in the modest climb in home sales.”  said Maryland REALTORS President, Boyd Campbell.  “More importantly, there has been a 4.9 percent increase in homes under contract or pending units,” Campbell added. “This heralds more active home sales through the end of the year.”

Deep Creek Lake Real Estate Update

If you have questions about listing your home and pricing strategies or getting a great value in the Deep Creek Lake area, feel free to contact me anytime. I am happy to provide you with a complimentary analysis of your home, and I am always available to spend time with house hunters to guide them through the buying process.

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