Market Update

Good Day Everyone, today I wanted to give everyone an update on what the Real Estate market is doing. In 2017 we had a very strong market and predictions are it will be even stronger this year. So I have attached some charts and am giving some figures. Truly it is a sellers market in most areas. How we tell if it is a Seller's Market is that there is from One to Four Month's of Inventory, Four to Six Month's of Inventory is a Balanced Market and anything over Six Month's of Inventory is a Buyer's Market. These charts are based on the average of Housing Prices. Of course when you get into Luxury Home Market's in most area's it is a Buyer's Market. Please buyer's even though it is a Seller's Market with interest rates there are a lot of good deals out there. If at anytime you would like it broken down more, by market's or subdivision's please contact us, we can do that here at Lynn Nichols Real Estate.

Anne Arundel County

For 2017 The Median Sold Price Increased by 3.3% with Median Average Days on Market 45, below is a screenshot of months of inventory in Anne Arundel County as of December, along with a few other figures....

Prince Georges County

For 2017 The Median Sale Price Increased by 5.7% for the year of 2017, Median Days on Market was 22 for 2017. Below is a screenshot of months of inventory in Prince Georges County as of December, along with a few other figures....

Howard County

For 2017 the Median Sales Price had increased by 3.1% and Average Days on Market were 35. Below is a screenshot of the months of inventory in Howard County as off December 2017...

Again if you would like to see any figures for any other counties in Maryland please contact us.

Thanks so much for stopping by today and I hope  today's Blog was informative. Please share with friends. Visit us at            www.MarylandHomesByLynn.com

Lynn Nichols, Realtor, CRS, MRP of Douglas Realty...

Lynn is a Realtor that serves Maryland and works

mainly surrounding Central Maryland.

For any Real Estate Needs please contact her at 

MarylandHomesByLynn.com