DC Area Real Estate Market Update March 2018

As you may remember from my earlier post, market factors are making it a good time to move, perhaps the best time in the last ten years.

Inventory is low, in many places including Anne Arundel County, at the lowest in ten years.  In the DC metro area, it is at the second lowest point in ten years.  Here’s a chart of Active Listings in the DC Metro Area.

Median sold prices have been rising, which means that many people who had not had equity and were not in a position to sell, now have the opportunity to do so.  Here’s a chart of Median Sold Prices in the DC Metro Area.  If you are wondering if your house might have regained value and put you in a position to use your equity and make a move, you can get a free market analysis.  Just ask!

Interest rates have been moving upwards so far this year, giving buyers reason to move before they go even higher.  And, for those buying at the higher end, and seeking jumbo financing, there’s good news that the jumbo rates have been tracking very closely with the regular rates.  We help buyers get great deals as well, through preparing them for quick action and negotiating hard on their behalf.

We just got multiple offers on a house for one of our seller clients this week, and negotiated a good deal for them.    Our client is on the path towards closing, turning an unwanted house into money in the bank.

A recent Fannie Mae consumer survey showed that only 36% of people thought that it was a good time to sell. Please help me get the word out about what is actually happening in the real estate market – share this message and let me know who else would like to receive this kind of information.

And for specific information on your house and your local market, send me a message.  I’m wondering…

Who’s next?  Who can we serve now?

If you know of someone who is looking at moving, let’s talk right away – call, text, or email me at 443-569-3977.  I want to support you and your friends, colleagues, and clients in making the best decisions.

P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146