There are many great Anne Arundel County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, Click here for an in-depth overview of the selling process. You may also call me at (410) 320-6551 for a FREE home buying or selling consultation to answer any of your real estate questions.
We've seen some interesting trends in the area lately that we think you should know about. Home sales are up 4% since last year, while the time on market has decreased by 7 days. Additionally, we've seen a massive spike in available inventory - a 26% increase since last year! What does all of this mean for you?
Sellers:
- Making your home shine is more important than ever. Now is the time to do the painting you've been putting off or add to the curb appeal you never thought was important.
- You have to price your home aggressively. With all the competition, overpricing your home will push buyers toward others.
- Your home has to have a clear, more identifiable, better value than your neighbors. It needs to look and be priced as irresistible as possible.
Buyers:
- Now is the time to buy!
- Interest rates are around 3.5%-4%, meaning payments are lower than ever before and homes are generally more affordable.
- There is a lot available to you, so you can be choosy. There is no better time to find that perfect home
As you can see, the market is favoring buyers at the moment. It's important to remember, however, that conditions change throughout the year and are sometimes neighborhood-specific. For advice on buying and selling under current market conditions, don't hesitate to give us a call or shoot us an email. We would love to take care of you!
No comments:
Post a Comment