Scott Saghirian

What does this tell you about the Baltimore Metro Area real estate market?

Baltimore Area Real Estate Market Video for October

 

The Baltimore Area’s Real Estate Market Statistics for October

If you are looking to buy or sell a home in the Baltimore area you will want to keep a close eye on the current real estate market trends in the area. These statistics will give you an idea of what the market is doing in our area from a macro perspective. Of course analyzing property values requires much more research and a detailed Comparative Market Analysis. Feel free to contact me if you would like to know the value of your home.

Baltimore Area Real Estate – Market Activity

Baltimore Area Real Estate – Average Home Prices

Baltimore Area Real Estate – Average Days On Market

Tags: baltimore, Housing, maryland, real estate market, statistics

Real Estate Statistics for the Baltimore Metro area

The latest real estate market statistics have been released by RBI, my favorite source for Maryland Real Estate Statistics.

As you can see in the graph below, market activity in the Baltimore Metro area peaked in June and we now see a decline starting in July. For the most part this is predictable as we know that traditionally we have a spike in the spring and summer in real estate sales.

My next graph shows a decent increase in Average Sales Prices for homes in the Baltimore Metro region which is comforting to see especially since other areas in our country aren’t doing this well. It will be interesting to see how this trend plays out over the next three months or so.

Lastly, taking a look at the Average Days on Market trends for the Baltimore Area shows that we have experienced lower days on market through the spring and summer and now may trend upwards again through the fall and winter.

I have the ability to prepare much more detailed real estate market analysis for your zip code or neighborhood so don’t hesitate to contact me with your real estate questions.

The Latest Maryland Real Estate Market Watch Video

It’s not just your grass that’s growing! Check out the spring real estate market!

In March I wrote a post about how the “Buyers Are Coming…The Buyers Are Coming” where I showed statistically how the number of home sales in the Maryland Real Estate Market traditionally rise during the spring market. Using a real estate statistics and information source that I invest in to understand the current market  I was able to show you how this has been true for the last three years.

So the big question is: Are more homes being sold during this spring real estate market?

The Answer Is Yes, the number of home sales in our market has increased!

After I wrote the post I had a few readers ask me about the average sales prices in Maryland. They wanted to know if the median sales prices of homes were going up at the same time. After all, it’s great if MORE homes are selling but a look sales prices would give us a better picture of the market. For that I have another graph that shows that the prices are coming up slightly. That makes sense, since when there are more buyers competing for the best homes for sale they pay more for their home of choice. Of course this increase is counterbalanced by an increase in inventory (new homes for sale).  Still, our statistics show an increase in sales, an increase in sales prices, and a decrease in days on market.

This concept of the Spring Market is illustrated further by looking at the Average Days on Market

If there are more buyers looking to purchase a home and the amount of homes listed doesn’t out pace that number, then you should see a decrease in the average days on market for homes. Demand Vs. Supply.Looking at the chart below, we see that the average days on market for homes in the Mid Atlantic is seeing a shift.

So,  my last question is..

Are you taking advantage of this market? We are now in the middle of May, and before you know it the market will cool off again in regards to activity. At least it has for the last 4 years.

That doesn’t mean it’s bad to list your home in December if you need to, but if you want the largest pool of buyers the Spring Market is where it’s at. Give me a call to discuss your own personal situation and tell me about our unique property so we can develop a strategy for you to sell your home when the time comes.

If you have more questions than answers, that’s ok too. Give me a call so I can do a comprehensive market analysis on your property. I appreciate the opportunity to serve your Maryland real estate needs.

Perfect in Piney Orchard ~ 2308 Sandy Walk Way, Odenton MD 21113

I am proud to announce our newest listing on 2308 Sandy Walk Way in Piney Orchard Maryland! Check out the video’s and links below and then contact me for your private showing.

You Tube Video Tour of 2308 Sandy Walk Way in Odenton Maryland

Virtual Tour of 2308 Sandy Walk Way in Odenton Maryland

Piney Orchard Resources

Odenton Maryland Real Estate Statistics

Piney Orchard Community Page

Piney Orchard Ammenities

Anne Arundel County Schools

Tags: for sale, maryland, odenton, Piney Orchard, real estate