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2026 Market Conditions
- Thread starter Joe Flacco
- Start date
Joe Flacco
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- Jul 31, 2013
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- Certified Residential Appraiser
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- Maryland
Yeah, SFR market is very solid.
gregb
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- Sep 3, 2011
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- Certified General Appraiser
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- California
Are you seeing high number of active listings? Are insurance costs and maintenance reserves increasing? In Maryland, HB 107 requires condo/HOA reserve studies every five years, pushing associations to raise hoa dues.
Bobby Bucks
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A multi state developer I know (barely) said he isn’t building any more townhouses or condos period due to excessive HOA dues, mainly because of increasing liability insurance. I suspect the same thing is happening in the condo market. When dues increase it has same effect as rising interest rates.
Bobby Bucks
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duplicate
Last edited:
Joe Flacco
Elite Member
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- Jul 31, 2013
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- Certified Residential Appraiser
- State
- Maryland
Yeah, condo active listings is high in DC. January is showing a 10% drop after increasing. Not seeing a pop in sales so seems like a lot were taken off market.
Joe Flacco
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- Jul 31, 2013
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- Certified Residential Appraiser
- State
- Maryland
This building looks like it dropped 20% at the end of 2024 and it is moving even lower in 2026.
The highlighted units do not have a parking space.
No big condo fee changes here. Another building where everybody is underwater. 140 units.
Joe Flacco
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- Jul 31, 2013
- Professional Status
- Certified Residential Appraiser
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I think it might be the federal layoffs starting to hit. Fork in the Road paid full salary for those that took it until September or October.
George Hatch
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- Jan 15, 2002
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- Certified General Appraiser
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- California
Would you say they're stable or showing shallow rates of increase or decrease?
My theory is that the payments cannot get too far away from the incomes
I'm working on a land appraisal for a splittable parcel (maybe 6 units) and the median pricing for the existing homes has been stable for 2024, 2025 and the first couple months of 2026. Median DOMs are still 11 and 15 days for 2024 and 2025, so the effective demand is still there. When the DOMs are under 30 days I would normally be expecting an increasing price trend, not stable.
I had never previously seen "stable" for more than ~6 months at a time.
Joe Flacco
Elite Member
- Joined
- Jul 31, 2013
- Professional Status
- Certified Residential Appraiser
- State
- Maryland
In the SFR areas I cover, I would very generally speaking say that prices are flat to about 10% higher since 2022. In 2025, we finally saw active listings moving higher from the 2020-2024 range, but it is still below pre-pandemic levels.
I just did a renovated townhouse in the city. The developers used to pay around $500k for shells. In 2023 and 2024, they paid $650k to $700k for shells. They were not able to sell the renovated homes for a higher price. Now the shells are selling for $500k again, but the prices for the renovated homes have stayed about the same. So the low end got hit in 2025 compared to 2023-2024, but the pricing for the renovated homes have remained stable so far.