Drop in Inventory Fuels Sales Slowdown Waldorf MD Home Sales?
Skip Young Waldorf MD Realtor, Veteran, Remax 100, Caruso Homes - On Your Lot
Drop in Inventory Fuels Waldorf MD Sales Slowdown
A severe lack of Southern Maryland Inventory caused the sales pace to slow down even with the sales prices continue to rise at a median of 5.62%.
Sold - Sales - 2.5% Month over Month - 1.4% Year over Year
Inventory - 4.0 Monthly Supply -6.3 Year of Year
This is the consecutive Month of Year over Year Inventory Declines
Prices - 257,900 +5.3% Year over Year
This is the 47th consecutive Month of Year over Year Price Gains
You can still get a Interest rate of 4.66% to purchase a Waldorf MD Home. So the question becomes with all this data what does this mean for Waldorf MD Buyers and Waldorf MD Sellers?
Waldorf MD Buyers looking to purchase a home in Southern Maryland, Charles County area, Demand is Strong. So what does this mean for you the BUYER,How can you separate yourself from other buyers lookin to purchase a home in Waldorf MD. You have to remember they are also looking to purchase that Dream Home in Waldorf MD as well. As a Waldorf MD Buyers Agent I would recommend that we get your pre-qualification done in a timely matter. Make sure that if you have to sell your Current Waldorf MD home we get it on the market right away and try to get a contract. Making that contract contingent on the purchase of your next home. This makes you a stronger Buyer in the Southern Maryland Real Estate Market.
Waldorf MD Sellers If you want to sell you have to first remember that the demand is strong. Generally in the Waldorf MD Area I have been seeing 3 - 4 potential buyers call in the first 24 hours. So remember buyers are out in force right now looking to buy your home. Anywhere your home is located in Southern Maryland they are searching or they have their Realtor doing their search for them. This is where working with a Realtor like Skip Young understands Zillow and how the process works with selecting their Real Estate Agent to view you house. So the main objective of putting your Waldorf MD House on the market, is to price it right. By pricing it right we can sell it within the time frame needed. The days on the market are going to naturally happen based on the Southern Maryland market. But by pricing it right the first time, you will have buyers heading to your front door in order to make an offer.
Hiring a Professional Realtor in Waldorf MD like Skip Young to help you make the right decisions no matter whether you are Buying a home or Selling your home. Either way you will need educated advise that comes with having a Real Estate License, working Ethically, and representing your best interest. You can read my bio here about my self Skip Young and you will find the details of my career and the many homes that I have sold in 16 years of experience.I look forward to hearing from you so I can help you with your next Home purchase or Home sale.
Some Highlights:
- Existing Home Sales are now at an annual pace of 5.46 million.
- Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines.
- The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.
If you are looking to Buy a Home in Southern Maryland, hire a Southern Maryland Realtor to help you find the Home you are looking for. In either Charles County, St. Mary’s County, Prince Georges County, Calvert County or Anne Arundel County, Finding and Hiring a local Realtor will help you find the right home for the right price. If its New Construction you need, your local Maryland Realtor can help you find the right Community or even find the right On Your Lot with Caruso Homes to build your Luxury Dream Home. What is your house value. Home value comes from the sales of other properties in your community that have sold over the last 6 months. When your house is prepared to go on the market, the value is calculated by Bedrooms, Bathrooms, Square Footage, Garage and Basement. Location also plays a part in the value of your home. If your in a good location, close to shopping, in a great school district, this will attract more potential buyers to your home. Making the home value much higher and also opening up the possibility of selling your home much faster. Taking also into the factor that when buying a New Luxury home from Caruso Home - On Your Lot, you have the opportunity to get your new home built for less than regular market value. Always give New Construction of your purchase a chance to see if you have the 7 - 9 months of build time. Caruso Homes also has communities all around Maryland that have homes that are 30 - 45 days out for you to purchase as well. Buying new will give you the value and equity to grow in your investment.
Need to know the value of your Waldorf MD?
Please leave a message below and I will return your homes valuation, time to sell on the market and any other information on your neighborhood statistics.
Skip Young Realtor
is rated 5 stars on Google based on 3 reviews
Zillow Reviews
04/10/2018 - williamrichmondinc
Sold a Single Family home in 2010 in Mechanicsville, MD.
- Local knowledge:
- Process expertise:
- Responsiveness:
- Negotiation skills:
I tried unsuccessfully for four years to sell my home in Mechanicsville. Two different real estate companies declined to renew my listing. Thank goodness for Skip Young. He never gave up and never made any excuses - and this was at a time when the real estate market was at it’s absolute worst. We had some offers that fell through at the last minute. Skip never wavered. His attitude was always positive. Thanks to Skip’s tenacity and professionalism my house sold and I got the fresh start I needed. Thank you Skip.
2004 Rookie of the Year Southern Maryland Calvert County Skip YoungRE/MAX 100
Remax 100
10665 Stanhaven Place Suite 300
White Plains, MD 20695
(301) 535-8510
Mon-Sat 8am – 6pm
Skip Young | Caruso Homes | On Your Lot Division
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Infographic by KCM Crew
Buying or Selling Real Estate in Maryland, Servicing these area's.
Bowie, Waldorf, Coltons Point, Bryantown, Barstow, Solomons, Mechanicsville, Fort Washington, Brandywine, Oxon Hill, Annapolis, Aquasco, Dameron, Welcome, Cobb Island, Helen, Issue, Lexington Park, Hughesville, Lusby, Lothian, Temple Hills, Morganza, Callaway, Cheltenham, Piney Point, Port Tobacco, Bel Alton, Faulkner, White Plains, Pomfret, Benedict, Huntingtown, Marbury, Churchton, Greenbelt, Edgewater, Dowell, Port Republic, Ridge, Scotland, Clinton, Hollywood, Saint Inigoes, Prince Frederick, Bushwood, Tall Timbers, Odenton, Clements, Bryans Road, Valley Lee, Chesapeake Beach, Broomes Island, Leonardtown, Patuxent River, Saint Marys City, North Beach, Rock Point, California, Saint Leonard, Indian Head, Gambrills, Davidsonville, Crofton, Chaptico, La Plata, Mayo, Charlotte Hall, West River, Dunkirk, Deale, Abell, Owings, Nanjemoy, Park Hall, Harwood, Compton, Great Mills, Ironsides, Loveville, Sunderland, Tracys Landing, Mount Victoria, Drayden, Shady Side, Avenue