I have been saying for some time now that it is a sellers market, not enough inventory for the buyers, homes are selling fast, and Sellers are getting over their asking price and multiple offers. Yet, here you have your home on the market and it's been on the market for awhile and it hasn't sold. What's the problem? Buyers have fewer options than usual right now, so with limited choices and your home not selling, there is a reason. Perhaps it's because the home is overpriced.
With today's h...
I have lived my whole life in the state of Maryland. I love it here. Such diversity. We have the range from mountains to ocean, so that within a few hours you could be spending time in the gorgeous mountains or playing on the beach at the ocean. Since it's almost the end of the year I wanted to share some interesting facts about Maryland.
Maryland Famous For:
1. Birthplace of the National Anthem
2. Blue Crabs from the Chesapeake Bay
3. Many thoroughbred Horse Farms
Person A: Hey there! Have you ever thought about buying a "green" home?
Person B: Oh, definitely! I've heard a lot about them. Why should I consider buying one?
Person A: Well, there are so many reasons! First of all, choosing a "green" home allows you to reduce your environmental footprint.
Person B: That's great to hear! I'm all about being environmentally responsible. How exactly do they help with that?
Person A: "Green" homes are designed with eco-friendly materials and sustainable practice...
1. Attention Queen Anne's County residents! Are you looking to buy or sell a home? Let me update you on some important market trends in our area. Currently, there is only a 1.63 month supply of inventory, meaning homes are selling fast! In the last 12 months, we've seen a -57.55% decrease in inventory, making it an even more competitive market. Contact me at Realty Navigator to learn more.
2. As a REALTOR® in Queen Anne's County, I'm excited to share some great news for sellers. The list to sol...
The spring market has arrived and it is anything but a typical market. Buyers are still finding a lot of competition, as home shoppers compete for a still-limited number of homes for sale. Inventory is shrinking in some markets, and new listings are still way below historic trends.
In our region, sellers are still in the drivers seat. Sellers who closed on their home in April received an average of 3.5 offers. More than half (53.5%) ended up closing at a price above their original asking price...
Time to get the stats on the real estate market in Anne Arundel and Queen Anne's County. Are we still in a sellers market? Are the sellers still getting the prices they were a few months ago? Has foreclosures increased recently? What do you think?
Let's start with Queen Anne's County
New listings: 48
Down 9.4% from November (expected. During holiday season). But it's also down 14.3% from Dec 2021
New Pendings: 38
Down 32.1% from November
Well, we made it to the end of another year and entering a new year. What is in store for us in the coming year? Let's just highlight what is expected.
Where the Housing Market is Headed In 2023
- NAR (National Association of Realtors) predicts 4.78 million existing-home sales in 2023, down 6.8% from 5.13 million in 2022.
- Annual median home prices are expected to increase by just 0.3%, following a 9.6% gain in 2022.
