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| MAY 2025 | |||
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| Units Sold 35 |
Active Inventory 266 |
Median Sale Price $425,000 |
Days On Market 59 |
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| Up 17% Vs. Year Ago |
Up 24% Vs. Year Ago |
Up 19% Vs. Year Ago |
Up 23% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 35 sold this month in Garrett County Real Estate versus 33 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 17% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 52 units or 24%. The total number of active inventory this May was 266 compared to 214 in May 2024. This month's total of 266 is higher than the previous month's total supply of available inventory of 240, an increase of 11%. |
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Median Sale Price
Last May, the median sale price for Garrett County Homes was $356,250. This May, the median sale price was $425,000, an increase of 19% or $68,750 compared to last year. The current median sold price is 6% higher than in April. 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 78 |
Current Contracts 37 |
Sold Vs. List Price 95.2% |
Months of Supply 7.6 |
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| Down -4% Vs. Year Ago |
Up 9% Vs. Year Ago |
No Change Vs. Year Ago |
Up 7% Vs. Year Ago |
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Months of Supply
In May, there was 7.6 months of supply available in Garrett County, compared to 7.1 in May 2024. That is an increase of 7% 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 78 homes newly listed for sale in Garrett County compared to 81 in May 2024, a decrease of 4%. There were 37 current contracts pending sale this May compared to 34 a year ago. The number of current contracts is 9% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Garrett County was 95.2% 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 59, higher than the average last year, which was 48, an increase of 23%. | |||
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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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