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| APRIL 2025 | |||
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| Units Sold 33 |
Active Inventory 222 |
Median Sale Price $400,000 |
Days On Market 72 |
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| Up 6% Vs. Year Ago |
Up 28% Vs. Year Ago |
Down Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in April, with 33 sold this month in Garrett County Real Estate versus 35 last month, a decrease of 6%. This month's total units sold was higher than at this time last year, an increase of 6% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 49 units or 28%. The total number of active inventory this April was 222 compared to 173 in April 2024. This month's total of 222 is higher than the previous month's total supply of available inventory of 214, an increase of 4%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last April, the median sale price for Garrett County Homes was $540,000. This April, the median sale price was $400,000, a decrease of $140,000 compared to last year. The current median sold price is lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 53 |
Current Contracts 29 |
Sold Vs. List Price 95.6% |
Months of Supply 6.7 |
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| Down -5% Vs. Year Ago |
Up 38% Vs. Year Ago |
No Change Vs. Year Ago |
Up 21% Vs. Year Ago |
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Months of Supply
In April, there was 6.7 months of supply available in Garrett County, compared to 5.6 in April 2024. That is an increase of 21% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 53 homes newly listed for sale in Garrett County compared to 56 in April 2024, a decrease of 5%. There were 29 current contracts pending sale this April compared to 21 a year ago. The number of current contracts is 38% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Garrett County was 95.6% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 72, higher than the average last year, which was 45. This increase was impacted by the limited number of sales. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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