Maryland home sales plummet: How rising interest rates and high costs are squeezing market

A new report from the Maryland Association of Realtors shows that housing prices have gone up in the state from April of last year, but the total number of units sold have gone down, leading local real estate agents to handicap what the future holds and potential buyers to consider whether they really want that new home. In April 2022, over 8,000 units were sold statewide.