In the latest housing market update, Chris Hill, 2024 president of Maryland Realtors, expressed concern over the May housing stats which indicate a challenging environment for buyers and sellers. Inventory levels remain low, leading to a 3.4% decrease in home sales for the month.

Key points:
– May housing stats show a 3.4% decline in Maryland home sales
– Chris Hill, president of Maryland Realtors, describes the market as experiencing an inventory crisis
– Low inventory levels continue to pose challenges for both buyers and sellers in the housing market

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