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Is the real estate market slowing down in Maryland?

Data collected by the Southern Maryland Association of Realtors® shows that home values have increased slower as buyer activity appears to be down. 562 units were sold across the region last month, which is down 31.55% compared to last year.

What are acronyms in real estate?

Real Estate Broker Abbreviations ARV \u2013 after-repaired value. CCIM \u2013 Certified Commercial Investment Member. COO or C of O \u2013 certificate of occupancy. CMA \u2013 comparative market analysis. COCR or CCR \u2013 cash on cash return. COF \u2013 cost of funds. CRE \u2013 commercial real estate. DTI \u2013 debt to income ratio.

What month do houses sell the most?

The spring months are often considered the best month to sell a house. In fact, across the country, the first two weeks of May are often the busiest and most lucrative time for sellers. The spring has warmer weather, longer days, and lush landscaping opportunities that boost curb appeal.

Is the housing market cooling in Maryland?

The total number of units sold in Southern Maryland over the last month decreased by approximately 24.51% year-over-year. This total number of units sold decreases contributes to the total sold dollar volume decrease of roughly 13.88%, down to $285.7 million from where it was last year at over $330 million.

Is the housing market cooling off in Maryland?

The total number of units sold in Southern Maryland over the last month decreased by approximately 24.51% year-over-year. This total number of units sold decreases contributes to the total sold dollar volume decrease of roughly 13.88%, down to $285.7 million from where it was last year at over $330 million.

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