Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year. Remember sales were weak in April and May 2020 due to the pandemic, so the YoY sales comparison is easy.
From the Maryland Realtors for the entire state:
Closed sales in May 2021 were 9,334, up 46.1% from 6,389 in May 2020.
Active Listings in May 2021 were 7,490, down 56.6% from 17,254 in May 2020.
Inventory in May was up 4.5% from last month, and up 21% from the all time low in March.
Months of Supply was 0.9 Months in May 2021, compared to 2.4 Months in May 2020.