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Record Prices, Slow Sales, and What It Means | Annapolis News
Home prices hit record highs at $446,000 — up 50% in six years — but sellers are sitting tight, keeping inventory low and creating a tight 4.6-month supply. Sales dipped slightly from May but are up from last year, as homeowners locked in lower rates and buyers hesitate amid inflation and shaky confidence. Unlike the pandemic rush, today’s market is sluggish, with wage growth barely keeping pace with soaring prices. Yet, price growth has slowed, offering relief and stability — and sales for the first half of the year are stronger than in the past two years. The Northeast remains…
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