Your Maryland Real Estate Specialists
Maryland Real Estate Market Update
Get the Winning Edge with Grant, Weston, & Jim Bim
Inventory is finally coming back across the Maryland counties we serve, and despite what you may be reading in the news, prices aren't crashing.
New listings jumped 23% this October compared to last year, and while fewer homes closed, thousands more are under contract and headed to the closing table. We're in a neutral market, which makes this a good time to buy or sell, as long as you do the right things.
Maryland By The Numbers
Year Over Year
▲ 23%
New Listings
3,929 homes came to market vs. 3,190 last October
▼ 32%
Closed Sales
1,983 closings so far vs. 2,915 last October
2,156
Homes Under Contract
Currently on their way to the closing table
97.5%
Of Original List Price
What sellers are receiving on average
County Highlights: Inventory Is Back
Biggest Inventory Gain
Howard County
Howard County led the way with a 64% increase in inventory over last year, great news for buyers who've been waiting for homes to come back.
Inventory Gain
Baltimore County
Baltimore County followed with a 25% increase in inventory year over year.
Inventory Gain
Frederick County
Frederick County saw a 23% increase in inventory over the same time last year.
What This Means If You're Selling
Homes that are priced correctly and in the right condition are still selling quickly. The median home sold in 19 days, up only slightly from 13 days last year. Homes that are overpriced or not in the right condition are sitting, making price adjustments, and pushing the average up to 42 days on market.
With more competition coming to market, three things matter most: price it right, get the condition right, and have the right Realtor helping you navigate. And base your price on comparable sales from the last 30 to 60 days, not six months or a year ago. The market has shifted since interest rates rose.
If it takes two or three weeks to go under contract, don't panic. That's what a normal market looks like.
What This Means If You're Buying
With new listings up 23% and inventory climbing sharply in Howard, Baltimore, and Frederick Counties, there are real opportunities out there for buyers who have been waiting.
Just don't try to time the market. Spring may be better or it may be worse. If you're ready to move, or need to, now is the time to take action while you have more choices than you've had in years.
Want to Know What's Happening in Your Neighborhood?
Whether you're in Howard, Baltimore, Frederick, or any of the Maryland counties we serve, we'll show you what's happening in your neck of the woods and whether it makes sense for you to take action. With 43 years of experience, we're here to help you be the big winner in your transaction.
Call 410-461-2800Grant Bim, Weston Bim & Jim Bim — Winning Edge Real Estate
Welcome to Winning Edge Real Estate a Family Owned and Operated Real Estate Brokerage where Winning Matters. We serve all of your real estate needs in and around the Baltimore / Washington Corridor. The Company is run by Jim Bim, Broker of Record, his son's Grant Bim and Weston Bim are Sales people within the company. Jim, Grant and Weston work to help their Sellers & Buyers accomplish their real estate goals while the Office Manager, Valerie Bim, and our Assistant, Kimberly make sure that homes go from "FOR SALE" to "SOLD" smoothly while making sure to keep you informed every step of the way. As real estate specialists we are experts in representing both home Sellers and home Buyers. We can help with general residential home / town home / condo resale, new homes, custom home construction, land sale, sub dividing acreage, as well as investment property. We are very knowledgeable of Howard County, Maryland as we have lived in the area for 40+ years. Due to our clients moving throughout the state, we also are very knowledgeable of Anne Arundel County, Carroll County, Frederick County, Baltimore County and Montgomery County. We actively work on a daily basis in areas that include: Fulton, Ellicott City, Columbia, Mount Airy, Clarksville, Woodstock, Jessup, Marriottsville, Glenelg, Glenwood, West Friendship, and everywhere in between. We also service Western Baltimore County which includes Arbutus, Halethorpe, Catonsville, Owings Mills and Reisterstown. We provide a free Maryland Real Estate search where we feature Howard County, Carroll County, Baltimore County, and Anne Arundel County real estate that will allow you to find homes, condos, townhomes, new homes, luxury homes, or even acreage, lots, or investment properties. Do you want to invest for your future, but you are not sure how to make the leap to become a real estate investor? We can help you find the right money making property, rent your property, and manage your property. If you have the desire to be a real estate investor, then we have the knowledge and know how to get you to real estate investor success. Quick Stats/Highlights: 100% of asking price (average) 63+ active listings Serving: 8 Maryland counties Hundreds of 5-star reviews




