Real Estate Market Sings Soprano

Dated: 01/14/2020

Views: 184

December real estate market statistics for Maryland have just been released and show the greatest year-over-year sales increase in 2019.  Maryland REALTORS Association released December 2019, results gathered by Bright MLS, and show units sold in Maryland rose by 12.6 percent with an average price increase of 5.4 percent compared to the same time in 2018.

An even more important statistic is inventory.  Months of inventory in Maryland dropped to a low of 2.2 months compared to 3.7 months in December 2018.  This evidences December was unusually strong for settlements and may indicate a strong spring market for sellers.December_2019.jpg

Is it a good time to sell?  The answer is a resounding yes!  What's surprising is that January may be a good time to sell.  With inventory falling, buyers are still out in strong numbers searching for the right home.  New home sales are very strong. However, prices may push first-time buyers out of the new home market.  This means resale home sales will be very strong this season.

If you or someone you know is thinking of selling their home, know 3 important things to be successful.

          1.  Buyers pay top dollar for Staged Homes!  Hire an experienced Realtor who offers home staging and you could sell both Faster and for More $$$. At Welcome Home Realty Group we always offer FREE Home Staging and guarantee Marketing on steroids that result in that Wow Factor to get Top Dollar!

           2.  Buyers want homes without deferred maintenance.  Hire a Realtor who will be honest with you about projects to spruce up both your curb appeal and your marketing appeal. We connect our clients with Licensed Contractors and services that can help get project lists checked off quickly and inexpensively so you can hop on the market and take advantage of the Spring Zing!

          3.  Don't wait!  It's a mistake to think the best time to sell is when the trees turn green in the Spring.  The local Spring market has been launching around Valentine's Day in the Frederick area the past few years.  It may be launching even soon this year, due to the unusually low inventory.  So call now and you'll be ready to maximize your sale potential and be Staged to Sell just in time!

spring market

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Terry Lascola

Terry La Scola is a lifelong resident of Frederick County Maryland and has been involved in the business community of Frederick since 1979. As an entrepreneur, Terry has an extensive knowledge of sal....

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