WHAT SHOULD AGENTS DO WHEN REAL ESTATE IS SLOW?

Maryland Housing Update for January 2020

These stats are for the entire state of MD and include all types of housing from condominiums to mansions. I still find the overall data helpful in understanding where our market is trending. Overall - pricing is increasing and inventory is slowly starting to increase as well. Over the next 30-90 days hopefully we'll see inventory creep upwards even more. Inventory is just a fancy word for 'how many homes are on the market'. Although you see inventory shifting up it's still at record low numbers overall. It's still a strong sellers market here because of that.

Interest rates are also at record lows and this is the time of year when grant programs replenish which means buyers are on the prowl! Houses in my home town of Harford County are seeing multiple contracts submitted!

In general, the market is strong and stable when looking at homes priced between $250,000-$400,000. The closer you creep to $500,000 the more difficult it is to find buyers that can afford that caliber of home. The market is still strong there but not receiving the overwhelming response of the lower prices.

As always, let me know if you're thinking of buying or selling anytime soon! I'm never too busy for your referrals!

DANIELLE WALDERA

Long and Foster
3004 Emmorton Rd
Abingdon MD 21009

C - 443-257-0442
O- 410-879-8080