Statistics on vacation home sales have been unprecedented, and the gains have continued into this spring — even after most pandemic-related lockdowns and restrictions have ended.
Vacation home sales are especially strong in the most popular regions, in vacation home counties, which the National Association of Realtors defines as counties where at least 20% of the houses and condos are seasonal, occasional or recreational use. Vacation home sales in those 145 counties have risen 24.2% in the past year.
From January to April 2021, the share of vacation home sales compared to total existing home sales climbed to 6.7%. Overall vacation home sales are up 57.2% in the last year, compared to 20% annual growth for all existing home sales.
NAR has compiled a list of top vacation home counties, and two are in Maryland: Garrett and Worcester counties.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
