• ARUME

August 2020 Housing Market Recap

In Maryland during the month of August we have seen an overall increase in units sold and average sale price. We have also seen a decrease in time on the market and a decrease in the number of new and active listings.


Whether you are a seller or a buyer, a negative change in statistics is not always bad and a positive change is not always good.


Example: A negative change in average days on the market is great for sellers because homes are moving fast. On the other end, a positive percentage change in active listings means that the market could be saturated with homes which could potentially be bad for sellers; but sellers will still benefit if the average sale price and units sold continues to rise.


Many would assume that if home prices are rising and quickly moving off the market that the market is considered a "seller's market". This may be the case but typically mortgage rates adjust at the same time to keep supply and demand as level as possible therefore benefiting the "buyer's market". This is why Arume does not believe in a "buyer's" or "seller's" markets, we simply provide you with the advantages and disadvantages of the following statistics.


Carroll County Market Recap for August 2020


Active Listings:

2020: 220

2019: 651

Change: -66.21%

Units Sold:

2020: 262

2019: 265

Change: -1.15%

New Listings:

2020: 291

2019: 304

Change: -4.28%

Median Days On Market:

2020: 6

2019: 24

Change: -75%

Average Price Sold:

2020: $411,114

2019: $355,804

Change: +14.9%


2.92% of Maryland's total units sold were in Carroll County.

2.18% of Maryland's active listings were in Carroll County.

Frederick County Market Recap for August 2020


Active Listings:

2020: 469

2019: 1,246

Change: -62.36%

Units Sold:

2020: 498

2019: 475

Change: +4.84%

New Listings:

2020: 656

2019: 579

Change: +13.3%

Median Days On Market:

2020: 8

2019: 20

Change: -60%

Average Price Sold:

2020: $392,097

2019: $351,991

Change: +11.39%


5.5% of Maryland's total units sold were in Frederick County.

4.65% of Maryland's active listings were in Frederick County.

Howard County Market Recap for August 2020


Active Listings:

2020: 421

2019: 1,010

Change: -58.32%

Units Sold:

2020: 508

2019: 476

Change: +6.7%

New Listings:

2020: 524

2019: 560

Change: -6.43%

Median Days On Market:

2020: 8

2019: 19

Change: -57.89%

Average Price Sold:

2020: $515,735

2019: $483,773

Change: +6.6%


5.61% of Maryland's total units sold were in Howard County.

4.18% of Maryland's active listings were in Howard County.

Montgomery County Market Recap for August 2020


Active Listings:

2020: 1,252

2019: 2,452

Change: -48.94%

Units Sold:

2020: 1,299

2019: 1,269

Change: +2.36%

New Listings:

2020: 1,469

2019: 1,287

Change: +14.14%

Median Days On Market:

2020: 7

2019: 18

Change: -61.11%

Average Price Sold:

2020: $604,286

2019: $582,116

Change: +3.8%


14.35% of Maryland's total units sold were in Montgomery County.

12.42% of Maryland's active listings were in Montgomery County.

Washington County Market Recap for August 2020


Active Listings:

2020: 286

2019: 679

Change: -57.88%

Units Sold:

2020: 198

2019: 206

Change: -3.9%

New Listings:

2020: 198

2019: 232

Change: -14.66%

Median Days On Market:

2020: 16

2019: 26

Change: -38.46%

Average Price Sold:

2020: $257,624

2019: $213,142

Change: +20.9%


2.19% of Maryland's total units sold were in Washington County.

2.84% of Maryland's active listings were in Washington County.



**Information pulled from Maryland REALTORS.