The 2026 real estate market in Garrett County is off to an impressive start. January brought significant growth in both sales volume and pricing, signaling continued strength and confidence in our local market.
Here’s how the numbers compare year over year:
Sold Activity and Pricing
- Total Sold Dollar Volume: $20,158,599, up 60.34% from January 2025
- Average Sold Price: $774,309, up 49.71%
- Median Sold Price: $695,000, up 88.35%
- Units Sold: 25 homes, up 8.7%
- Average Days on Market: 109 days, up from 80 days last year
The standout story this month is price growth. Both average and median sales prices saw substantial increases compared to January 2025, reflecting strong buyer demand for well-positioned properties.
While homes took slightly longer to sell on average, the market continues to reward properly priced and well-prepared listings. Sellers are still achieving strong results, with homes selling at 92.4% of original list price, an improvement over last year.
Inventory and New Activity
- Active Listings: 156 homes (slightly down 2.5% year over year)
- New Listings: 29 (up 11.54%)
- New Pendings: 39 (up 25.81%)
- All Pending Sales: 46 (up 12.2%)
Pending activity is a key indicator of forward momentum, and January showed encouraging signs. With new pendings up nearly 26%, buyers are actively writing offers and preparing for the spring market.
Inventory remains relatively steady, which helps maintain balance. As we move toward the busy season, properly positioned homes will continue to stand out.
What This Means for Sellers
The market is demonstrating strong pricing power to start the year. If you’ve been considering selling, this data reinforces the importance of:
- Strategic pricing from day one
- Professional marketing and presentation
- Understanding buyer expectations in today’s market
Serious buyers are in the market right now, and homes that are well-prepared are capturing attention.
What This Means for Buyers
While prices are up, inventory remains stable and new listings are increasing. That creates opportunity. Buyers who are prepared and working with knowledgeable local professionals can still find excellent options across price ranges.
With 39 new pending contracts in January alone, it’s clear that waiting too long can mean increased competition as we head into spring.
Looking Ahead
January’s numbers set a confident tone for 2026. Strong pricing, steady inventory, and rising pending activity suggest a healthy and active market environment in Garrett County.
Whether you’re thinking about buying, selling, or simply want to understand your property’s current value, our team is here to help you navigate the market with clarity and confidence.