 |
|||
 |
|||
| | |||
| JUNE 2025 | |||
| | |||
| Units Sold 24 |
Active Inventory 291 |
Median Sale Price $567,500 |
Days On Market 92 |
|
|
|
|
|
| Down -14% Vs. Year Ago |
Up 28% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
| | |||
Units Sold
There was a decrease in total units sold in June, with 24 sold this month in Garrett County Real Estate versus 35 last month, a decrease of 31%. This month's total units sold was lower than at this time last year, a decrease of 14% versus June 2024. |
|||
Active Inventory
Versus last year, the total number of homes available this month is higher by 63 units or 28%. The total number of active inventory this June was 291 compared to 228 in June 2024. This month's total of 291 is higher than the previous month's total supply of available inventory of 277, an increase of 5%. |
|||
Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last June, the median sale price for Garrett County Homes was $302,000. This June, the median sale price was $567,500, an increase of $265,500 compared to last year. The current median sold price is higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 75 |
Current Contracts 47 |
Sold Vs. List Price 92.7% |
Months of Supply 12.1 |
|
|
|
|
|
| Up 7% Vs. Year Ago |
Up 15% Vs. Year Ago |
Up 1.1% Vs. Year Ago |
Up 49% Vs. Year Ago |
| | |||
Months of Supply
In June, there was 12.1 months of supply available in Garrett County, compared to 8.1 in June 2024. That is an increase of 49% 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. |
|||
New Listings & Current Contracts
This month there were 75 homes newly listed for sale in Garrett County compared to 70 in June 2024, an increase of 7%. There were 47 current contracts pending sale this June compared to 41 a year ago. The number of current contracts is 15% higher than last June. |
|||
Sale Price to List Price Ratio
In June, the average sale price in Garrett County was 92.7% of the average list price, which is 1.0% higher than at this time last year. Days on Market
This month, the average number of days on market was 92, higher than the average last year, which was 53. This increase was impacted by the limited number of sales. | |||
 |
|||
| *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. |
|||