Lauren Bunting Associate Broker MD & DE

June 2022 Home Sales Update

Friday, July 22, 2022, Lauren Bunting

Maryland REALTORS® released information on statewide June home sales. Their release states that home sales continued to slow down as prices continued to rise, according to the June 2022 Maryland REALTORS® Housing Statistics report. While the average sales price rose 10.1% to $487,470, compared to June 2021’s figure of $442,882, and the median sales price rose 8.7% to $410,000, unit sales dropped 23.2%, 8,573 units against the June 2021 figure of 11,164


Another indicator of sales movement, pending sales, which looks at the number of houses under contract, dropped 17.4% to 8,308. Since March 2022, the percentage of pending sales has steadily decreased. In March 2022, pending sales dropped 7.3%. 

Figures for Worcester County specifically showed an average sales price rise of 14.8% to $442,028, compared to June 2021’s figure of $385,102. The median sales price rose to $386,800 representing an 13.8% increase. Pending sales sat at 195 in June of 2022, which was an 11.4% drop from the same time in 2021. New listings for Worcester County fell approximately 5% year over year in June, from 271 last year down to 259 this year. 

“Inventory is up to 1.1 months, a steady increase over the last few months,” said Craig Wolf, 2022 Maryland REALTORS® President. “Interestingly, mortgage rates fell: Freddie Mac reported that the 30-year fixed mortgage rate dropped to 5.3%, from 5.7 percent the previous week. What that means for consumers is that buying a home became 5% more affordable—about $100 less every month when paying the mortgage.”


According to the National Association of REALTORS®, 57% of REALTORS® nationwide cited the lack of inventory as the primary reason that held potential clients back from completing a home purchase. 




Lauren Bunting is a licensed Associate Broker with Keller Williams Realty of Delmarva in Ocean City, MD.

Lauren Bunting is an Associate Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.

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Thank you so much for all of your hard work. We are so excited to move into the perfect house for us, and couldn't have done it without your guidance.

Megan and Brandon Cater

My friend was right, you are the hardest working realtor, bar none. I honestly don't think that I would have gotten through this house selling process without you.

Brenda Burbage

Lauren made first time homebuying extremely approachable, and took the time to educate me on everything involved in the process.

Amanda Hanke and Keri Swigert

Thank you for all of your hard work and dedication that made this purchase possible. You advocate for your clients and I highly regard you for it. You made it possible for me and my family to achieve our goal of homeownership.

Tom Harutyunyan

Thank you so much for the very wonderful, professional job you did with selling our property. You will always be special to me.

Penny Carley

We want to say a sincere "Thank You" for all you've done for us! We know at times the road seemed never ending. Thank you for always staying positive even through our ups and downs of this process. We appreciate all you do!

Mike and Patty Locke

Lauren's extensive knowledge of the local real estate market proved to be invaluable during the purchase of our first home.

Allison Shockley and Patrick Molloy

Lauren is very easy to work with. She has helped me sell and buy homes in the area and has always been hard working and professional.

Jennifer K. Leggour

Lauren went through tremendous lengths to look out for us every step of the way all the way to the very end. If you are in need of a real estate agent who will treat your transaction as if it were their own and provide you with nothing less than A+ service you will be in good hands with Lauren.

Shireen and Mark Ambush

We were referred to Lauren by a good friend, and we couldn’t have been placed in better hands. Lauren went above and beyond in every way, throughout the entire process.

Liz Young

Lauren Bunting was our realtor when we recently sold two homes- one in Maryland and the other one in Delaware. To say we were very satisfied with all she did for us is an understatement!

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