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Gallatin Valley Housing Report

Gallatin Valley Housing Report
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With a Bang: RISMedia Kicks Off 2022 With Expert Panels, Predictions

RISMedia hosts second annual virtual event, Real Estate’s Rocking in the New Year with more than 20 sessions and nearly 50 speakers. ....

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Industry Leader, Brian Buffini, Presents "Bold Predictions

Renowned for his accurate predictions, Buffini & Company founder and chairman, Brian Buffini, shares his knowledge and insight for 2022 real estate. ....

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Mid-Year Update: Real Estate Leader Brian Buffini Addresses

Mid-Year Update: Real Estate Leader Brian Buffini Addresses
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March housing sales statistics show continued demand

CONTRIBUTED GRAPHICS
ANNAPOLIS â Marylandâs housing market continued its strong sales pace in 2021 with March sales figures of 7,964 units sold, which outpaced the previous yearâs sales of 7,148 by 11.4%. The average sales price, $404,606, reflected an increase of 11.3% from March 2020, while the March 2021 median sales price of $342,500 outpaced the previous year by 8.7%. An indicator of how fast the market is moving, median days on market, dropped to just 7 days in March.
Housing inventory, or the lack thereof, remains the overarching concern with the current market. For the first three months of 2021, months of inventory has remained at 0.8, while the pool of active inventory has continued to shrink. March 2021âs active inventory was recorded at 6,202â a shadow of March 2020âs active inventory, which stood at 19,061. ....

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