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Declines in pending home sales — and some increases

Jay’s note: Garrett County is one of the few exceptions in Maryland:

Posted by Jamie Smith Hopkins at 7:00 AM – The Real Estate Wonk

…The number of contracts signed that month, deals that will turn into settlements if all goes well, slumped precipitously in most of Maryland. A dozen counties and Baltimore City saw double-digit declines, including a 38 percent drop in Dorchester (from 34 contracts a year ago to 21 in July) and a 26 percent decrease in Carroll (from 161 a year ago to 119).
……

But buyers in four counties actually picked up the pace in July compared with a year earlier. ….

3. Garrett County: 33 contracts signed in July, up 6 percent from a year earlier.

Read the full article here.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

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