Riding the Tide in the Frederick County, MD Real Estate Market
- Our inventory is 29% lower to what it was a year ago. Near historic lows.
- The median sold price was $264,600, which is 16% higher than last year.
- Average days on market is 76 days. Much lower than last year.
- More of the listed homes sold at their original marketed price than those listed over the last year.
What does this mean to you?
Although a low inventory my be worrisome for potential buyers, we are seeing better quality homes currently on the market.
The average sale of homes reflects the current low interest rates on new home mortgage loan. Median price is a fantastic indicator to what the potential sale price is on a standard home, giving consumers an idea of the trends in the market.
The average days on market is reflective of the amount of inventory that is currently available. A low inventory is a great opportunity for sellers to get the best exposure for their homes. This trend implies that now is a much better time to list your home. How much money can I get for my home? Listing your home in a lower inventory climate gives you a better chance at selling for the original sales price.
The cloud on the real estate market is finally lifting. The real estate market is moving in a positive direction for all concerned. Putting your house on the market today gives you an advantage in the upcoming spring market.
Kelly Jaeger
Turning Point Real Estate
240.446.5627
301.831.8232
SalesbyKelly@hotmail.com
/www.facebook.com/KellyJaegerTurningPointRealEstate
written 2/19/2013
