Welcome to our Maryland real estate blog where you'll find up-to-date real estate market values, just listed homes for sale, properties for rent, and the latest mortgage and real estate news for the Fort Meade MD area.

April 29, 2024

Now's A Great Time To Sell Your Maryland Home



Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move.

Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Maethe percent of respondents who say it’s a good time to sell is on the rise (see graph below):

No Caption Received

 

Why Are Sellers Feeling so Optimistic?

One reason why is because right now is traditionally the best time of year to sell a house. A recent article from Bankrate says:

“Late spring and early summer are generally considered the best times to sell a house. . . . While today’s rates are relatively high, low inventory is still keeping sellers in the driver’s seat in most markets.”

These are the seasons when most people move. That means buyer demand grows. And because there still aren’t enough homes for sale to meet that demand, sellers see some serious perks. According to Rocket Mortgage:

“Homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.”

What Does This Mean for You?

More sellers are coming to realize conditions are ripe for a move. And that’s one reason why we’re seeing more homeowners put their homes up for sale. If you think you might want to get in on the action, it’s a good idea to start preparing.

A local real estate agent can help you get your house ready by offering advice on how best to fix it up and make it appealing to buyers in your area.

They also know if you list during the peak buying seasons of spring and early summer, you might sell quickly and for a higher price.

Bottom Line

If you list during the spring and early summer, you might sell your house quickly and for a higher price. When you’re ready to make the most of today’s seller’s market, let’s get in touch.

April 8, 2024

Severn MD Real Estate Market Report - March 2024

The market really heated up in Severn and we saw 32 properties change hands with an average days on market of 26 and an average list price of $577,000.

34 properties went under contract with an average list price of $577,000 (interesting that matched active listings too!) and 28 properties changed hands with an average days on market of 21 and an average list price of $493,000.

This activity bodes well for our Spring to Summer market and we're excited to see all the activity.

 

Active Properties

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1637 Stream Valley Overlook 5 4 4,671 $1,000,000 $214 18 days
517 Wet Sand Dr 5 5 3,812 $829,000 $217 4 days
8311 Canyon Oak Dr 4 4 2,760 $799,000 $289 5 days
1526 Coldwater Reserve Xing 4 4 2,888 $780,000 $270 0 days
1401 Druid Ln 4 3 2,800 $750,000 $267 6 days
8005 Bush Hill Ct 4 4 2,864 $750,000 $261 7 days
508 N Farm Crossing Rd Unit #LOT 5 4 2 2,444 $749,900 $306 33 days
8028 Clark Station Rd 4 3 2,644 $749,900 $283 44 days
8220 Wb And A Rd 5 4 3,575 $725,000 $202 97 days
510 N Farm Crossing Rd Unit #LOT 6 4 3 2,103 $724,900 $344 33 days
504 N Farm Crossing Rd 4 3 2,103 $699,900 $332 96 days
569 Pasture Brook Rd 4 4 1,888 $695,000 $368 11 days
7612 Amos Ave 4 3 1,750 $690,000 $394 4 days
533 Highmeadow Dr 4 3 2,210 $625,000 $282 3 days
1446 Washington Avenue - Coolidge Model 4 3 1,765 $599,990 $339 95 days
831 Meadow Rd 4 4 2,176 $590,000 $271 25 days
1787 Cruet Ln 5 4 1,830 $510,000 $278 0 days
8306 Grainfield Rd 3 2 1,560 $500,000 $320 3 days
7870 Linden Leaf Rd 3 3 1,272 $497,000 $390 4 days
8409 Wood Thrush Way 3 4 2,225 $495,000 $222 9 days
7711 Sentry Ter 3 3 1,936 $475,000 $245 7 days
8160 Santa Fe Dr 4 3 1,634 $472,500 $289 0 days
1435 Washington Ave 3 2 984 $465,000 $472 18 days
8161 Telegraph Rd 3 4 1,293 $465,000 $359 38 days
8223 Reece Heights Dr 4 3 1,098 $450,000 $409 18 days
Average: 3.7 3.1 2,028 $577,247 $299 26 days
Viewing 1 - 25 of 32 

Properties Under Contract

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1208 Sappling Dr 7 8 6,516 $1,250,000 $191 16 days
8302 Banister Rd 4 4 3,354 $750,000 $223 8 days
502 N Farm Crossing Rd 4 2 2,444 $724,900 $296 18 days
1402 Disney Ave 4 3 2,092 $712,176 $340 169 days
7749 Twin Oaks Rd 5 5 2,894 $710,000 $245 3 days
1616 Willow Dr 5 4 2,446 $710,000 $290 3 days
7904 Sage Way 4 3 2,390 $699,999 $292 5 days
7902 Sage Way 4 3 2,180 $699,999 $321 29 days
506 N Farm Crossing Rd Unit #LOT 4 4 2 2,444 $699,900 $286 20 days
8107 Domar Dr 4 3 2,440 $676,523 $277 0 days
500 N Farm Crossing Rd 4 2 2,103 $674,900 $320 14 days
1400 Disney Ave 4 3 2,392 $653,291 $273 1 day
1700 Prairie Ct 4 4 2,417 $620,000 $256 2 days
7910 Jasons Landing Way 4 3 2,340 $604,755 $258 4 days
8079 Telegraph Rd 4 4 2,388 $599,900 $251 8 days
8410 Garfield Ave 4 4 2,052 $599,000 $291 9 days
7805 Hope Ct 3 3 2,353 $587,990 $249 168 days
1444 Washington Avenue - Eisenhower Model 4 3 1,702 $579,990 $340 95 days
7810 Hope Ct 3 3 2,202 $549,990 $249 137 days
1440 Georgia Ave 4 3 2,424 $549,900 $226 5 days
7807 Hope Ct 3 4 2,202 $539,990 $245 45 days
1893 Rutledge Ct 6 3 1,288 $525,000 $407 271 days
1748 Grande View Ave 3 3 1,589 $495,000 $311 3 days
1884 Montreal Rd 4 3 2,521 $490,000 $194 8 days
1775 Bennett Pl 4 4 1,520 $474,000 $311 11 days
Average: 3.9 3.3 2,189 $577,429 $277 34 days
Viewing 1 - 25 of 34 

 

Sold Properties

Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1404 Disney Avenue 5 4 2,365 $816,611 $816,611 $345 66 days 3/15/24
1248 Colonial Park Drive 5 4 3,228 $750,000 $750,000 $232 6 days 3/15/24
903 Reece Road 4 3 2,511 $645,000 $685,000 $272 3 days 4/3/24
304 Constant Avenue 4 4 2,156 $675,601 $675,601 $313 7 days 3/25/24
7905 Sage Way 4 3 1,790 $659,999 $659,999 $368 44 days 3/29/24
7867 Walnut Grove Road 5 4 2,736 $569,900 $650,000 $237 10 days 4/5/24
7903 Sage Way 4 3 1,790 $644,999 $620,000 $346 71 days 3/29/24
1415 Bush Road 4 4 2,720 $649,000 $620,000 $227 147 days 3/15/24
1702 Vestment Court 4 3 2,406 $575,000 $590,000 $245 4 days 4/5/24
709 Old Donaldson Avenue 4 3 1,472 $579,000 $565,000 $383 19 days 3/25/24
7941 Clark Station Road 4 2 1,592 $539,900 $550,000 $345 6 days 4/5/24
832 Lucky Road 4 2 1,716 $500,000 $525,000 $305 5 days 3/29/24
7908 Tressel Court 3 3 1,911 $510,000 $525,000 $274 4 days 3/12/24
7912 Pavilion Drive 4 3 2,101 $539,900 $523,500 $249 10 days 3/29/24
7752 Venice Lane 3 3 2,272 $489,000 $502,500 $221 8 days 3/28/24
1804 Montreal Road 4 3 1,969 $469,900 $500,000 $253 3 days 3/29/24
1775 Bennett Place 4 4 1,520 $474,000 $474,000 $311 11 days 3/22/24
7897 Huguenot Court 4 3 1,870 $470,000 $460,000 $245 63 days 4/2/24
103 Richard Avenue 3 3 938 $425,000 $450,000 $479 5 days 3/21/24
7618 Ayrshire Court 3 3 1,613 $400,000 $435,600 $270 5 days 3/19/24
1310 Ava Road 4 3 1,220 $395,000 $430,000 $352 6 days 3/13/24
8217 Hollow Court 2 4 1,752 $410,000 $420,000 $239 7 days 4/8/24
1702 Barnwood Court 3 2 1,176 $350,000 $360,000 $306 4 days 3/21/24
1732 Barnwood Court 3 2 1,256 $355,000 $350,000 $278 49 days 3/15/24
1840 Quebec Street 3 1 1,052 $299,999 $345,000 $327 4 days 3/22/24
Average: 3.7 2.9 1,803 $493,407 $505,100 $286 21 days  
Viewing 1 - 25 of 28 

If you're planning to buy or sell a home in Severn, check out our real estate resources, including an up-to-the-minute database of homes for sale, homes for rent, and information on listing your home with a Severn real estate specialist.

 

April 5, 2024

Piney Orchard Real Estate Market Report - March 2024

There are 12 homes actively for sale in Piney Orchard right now with a rare mix of 2 single family homes.  We just don't see those a lot as the number of them is comparatively small in the neighborhood.  Prices for single family homes are closing in on a million dollars which is a tribute to the popularity of this community.

There are two single family homes under contract and one closed this month as well which again, isn't something we see often.

This activity bodes really well for our Spring to Summer market to see some substantial turnover in the neighborhood.  
 Save Market Report & Get Monthly Updates

Active Properties

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
743 Seneca Dr 4 5 3,868 $974,900 $252 5 days
2302 Sage Dr 6 6 3,953 $899,000 $227 4 days
738 Thornwood Dr 4 4 2,731 $719,900 $263 2 days
2504 Black Oak Way 3 3 2,156 $500,000 $231 3 days
837 Patuxent Run Cir 3 3 2,136 $488,000 $228 2 days
2601 Barred Owl Way 3 4 1,526 $460,000 $301 4 days
8608 Fluttering Leaf Trl Unit #301 2 2 1,500 $369,900 $246 98 days
2607 Clarion Ct Unit #304 2 2 1,604 $349,500 $217 4 days
2412 Chestnut Terrace Ct Unit #102 2 2 1,406 $339,000 $241 42 days
8752 Aspen Grove Ct 2 2 1,332 $320,000 $240 20 days
2412 Chestnut Terrace Ct Unit #202 2 2 1,406 $305,000 $216 17 days
692 Winding Stream Way Unit #201 2 2 1,035 $299,000 $288 45 days
Average: 2.9 3.1 2,054 $502,016 $246 21 days
Viewing 1 - 12 of 12

Properties Under Contract

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1710 Jonafree Ct 5 5 3,128 $924,900 $295 2 days
2330 Chapel Hill Blvd 4 4 2,096 $709,900 $338 6 days
860 Thicket Ct 4 5 3,010 $679,000 $225 0 days
2608 Open Meadow Ct 3 3 2,736 $525,000 $191 3 days
2647 Cedar Elm Dr 3 4 1,240 $445,000 $358 6 days
8611 Wintergreen Ct Unit #402 2 2 1,963 $429,987 $219 2 days
2645 Cedar Elm Dr 3 4 1,240 $424,900 $342 4 days
8621 Fluttering Leaf Trl Unit #404 2 2 1,500 $395,000 $263 3 days
2602 Clarion Ct Unit #403 2 2 1,640 $375,000 $228 32 days
2499 Amber Orchard Ct E Unit #301 2 2 1,396 $350,000 $250 55 days
2606 Hoods Mill Ct Unit #204 2 2 1,606 $340,000 $211 6 days
2604 Clarion Ct Unit #302 2 2 1,606 $340,000 $211 9 days
2498 Amber Orchard Ct E Unit #304 2 2 1,391 $335,000 $240 62 days
2725 Oak Leaf Ct Unit #2725 2 2 1,422 $299,900 $210 6 days
Average: 2.7 2.9 1,855 $469,541 $256 14 days
Viewing 1 - 14 of 14

Sold Properties

Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
2328 Golden Chapel Road 4 3 2,209 $599,950     3 days 3/15/24
904 Kestrel Court 4 4 2,200 $554,700 $575,000 $261 4 days 3/12/24
1014 Railbed Drive 3 4 2,496 $525,000 $545,000 $218 5 days 3/19/24
1033 Meandering Way 3 3 2,618 $510,000 $533,000 $203 6 days 3/28/24
604 Trout Run Court 3 3 2,128 $509,900 $522,500 $245 4 days 3/14/24
610 Trout Run Court 3 3 2,128 $500,000 $505,000 $237 3 days 3/8/24
715 Summertime Drive 3 4 1,976 $459,000 $465,000 $235 4 days 3/22/24
8725 Autumn Ridge Court 3 3 1,490 $399,900 $415,000 $278 4 days 3/11/24
8610 Fluttering Leaf Trail Unit #205 2 2 1,500 $354,900 $350,000 $233 54 days 4/4/24
2606 Hoods Mill Court Unit #302 2 2 1,610 $340,000 $340,000 $211 149 days 3/15/24
2404 Chestnut Terrace Court Unit #102 2 2 1,383 $340,000 $335,000 $242 72 days 4/1/24
689 Winding Stream Way Unit #103 2 2 1,197 $315,000 $315,000 $263 37 days 4/2/24
703 Orchard Overlook Unit #304 2 2 1,035 $305,000 $305,000 $294 27 days 3/8/24
Average: 2.8 2.8 1,843 $439,488 $448,961 $246 28 days  
Viewing 1 - 13 of 13

If you're thinking of buying a home or selling a home in Piney Orchard, visit us online
for the best real estate search and seller resources.  We'd love to help you make a
move this Summer!
April 2, 2024

Overpricing Your Home Could Be A Costly Mistake



If you’re trying to sell your house, you may be looking at this spring season as the sweet spot – and you’re not wrong. We’re still in a seller’s market because there are so few homes for sale right now. And historically, this is the time of year when more buyers move, and competition ticks up. That makes this an exciting time to put up that for sale sign.

But while conditions are great for sellers like you, you’ll still want to be strategic when it comes time to set your asking price. That’s because pricing your house too high may actually cost you in the long run.

The Downside of Overpricing Your House

The asking price for your house sends a message to potential buyers. From the moment they see your listing, the price and the photos are what’s going to make the biggest first impression. And, if it’s priced too high, you may turn people away. As an article from U.S. News Real Estate says:

Even in a hot market where there are more buyers than houses available for sale, buyers aren't going to pay attention to a home with an inflated asking price.”

That’s because no homebuyer wants to pay more than they have to, especially not today. Many are already feeling the pinch on their budget due to ongoing home price appreciation and today’s mortgage rates. And if they think your house is overpriced, they may write it off without even stepping foot in the front door, or simply won’t make an offer if they think it’s priced too high.

If that happens, it’s going to take longer to sell. And ideally you don’t want to have to think about doing a price drop to try to re-ignite interest in your house. Why? Some buyers will see the price cut as a red flag and wonder why the price was reduced, or they’ll think something is wrong with the house the longer it sits. As an article from Forbes explains:

“It’s not only the price of an overpriced home that turns buyers off. There’s also another negative component that kicks in. . . . if your listing just sits there and accumulates days on the market, it will not be a good look. . . . buyers won’t necessarily ask anyone what’s wrong with the home. They’ll just assume that something is indeed wrong, and will skip over the property and view more recent listings.”

Your Agent’s Role in Setting the Right Price

Instead, pricing it at or just below current market value from the start is a much better strategy. So how do you find that ideal asking price? You lean on the pros. Only an agent has the expertise needed to research and figure out the current market value for your home.

They’ll factor in the condition of your house, any upgrades you’ve made, and what other houses like yours are selling for in your area. And they’ll use all of that information to find that target number. The right price will bring in more buyers and make it more likely you’ll see multiple offers too. Plus, when homes are priced right, they still tend to sell quickly.

Bottom Line

Even though you want to bring in top dollar when you sell, setting the asking price too high may deter buyers and slow down the sales process.

Let’s connect to find the right price for your house, so we can maximize your profit and still draw in eager buyers willing to make competitive offers.

March 19, 2024

New Construction Homes in The Spring Market

New construction homes for sale near Fort Meade MD
If you're buying a home near Fort Meade this year, you've probably been scouring the inventory and are seeing that it's super low and very competitive.  Homes are selling with multiple offers and it's not uncommon to see offers $30,000 & $40,000 over asking price.

Combined with today’s affordability challenges it may seem like an impossible mission. But, what if there was a solution that could help with both?

If you’re having a hard time finding a home you love, and mortgage rates are putting pressure on your budget, it may be time to look at newly built homes. Here’s why.

New Home Construction Inventory

When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the number of existing homes for sale has increased this year, there are still fewer available than there were in more typical years in the housing market, like back in 2018 or 2019.

New construction homes are at fixed pricing (plus options you choose) so there's no bidding war and there are even some spec homes, already built, just waiting for a new owner. 

And the good news is, there are more newly built homes to pick from right now. The graphs below use data from the Census to show how new home construction is ramping up in two key areas (see most recent spike in green):

 a graph of a number of homes for sale

That means you have more choices in communities and options now than we've had since 2020.

Builders Are Offering Incentives

What kind of incentives you ask?  Free sunrooms, discounted interest rates, allowances for the upgrades that are important to youAnd to sweeten the pot, builders are offering things like mortgage rate buy-downs and other perks for homebuyers right now. 

“Builders aren't rate locked-in. They would love to sell you the home because they're not living in it. It costs money not to sell the home. And many of the public home builders have said in their earnings calls that they are not going to be pulling back on incentives, especially the mortgage rate buydown, so that will help the new-home market continue to perform well in the spring home-buying season.”

While buying a home from a builder is different from buying from a home seller, it's still important that you have your own representation as builder contracts can be complex and you'll want a pro on your side as you navigate the build. 

Bottom Line

If you're having a hard time finding a home, make sure you're adding new construction homes into your search.  They aren't always in the MLS, so having an experienced real estate pro that knows the local communities and customary incentives will make sure that you get the best deal on your new home. Want to see the latest list of new construction homes for sale near the base?  Let's go shopping!

March 15, 2024

Why There Won’t Be a Recession That Tanks the Housing Market



There’s been a lot of recession talk over the past couple of years. And that may leave you worried we’re headed for a repeat of what we saw back in 2008. Here’s a look at the latest expert projections to show you why that isn’t going to happen.  

According to Jacob Channel, Senior Economist at LendingTree, the economy’s pretty strong:

“At least right now, the fundamentals of the economy, despite some hiccups, are doing pretty good. While things are far from perfect, the economy is probably doing better than people want to give it credit for.”

That might be why a recent survey from the Wall Street Journal shows only 39% of economists think there’ll be a recession in the next year. That’s way down from 61% projecting a recession just one year ago (see graph below):

a graph of the economic growth of the economy

 

Most experts believe there won’t be a recession in the next 12 months. One reason why is the current unemployment rate. Let’s compare where we are now with historical data from Macrotrends, the Bureau of Labor Statistics (BLS), and Trading Economics. When we do, it’s clear the unemployment rate today is still very low (see graph below):

 a graph of a graph showing the number of employment rate

 

The orange bar shows the average unemployment rate since 1948 is about 5.7%. The red bar shows that right after the financial crisis in 2008, when the housing market crashed, the unemployment rate was up to 8.3%. Both of those numbers are much larger than the unemployment rate this January (shown in blue).

But will the unemployment rate go up? To answer that, look at the graph below. It uses data from that same Wall Street Journal survey to show what the experts are projecting for unemployment over the next three years compared to the long-term average (see graph below):

 a graph of blue bars

 

As you can see, economists don’t expect the unemployment rate to even come close to the long-term average over the next three years – much less the 8.3% we saw when the market last crashed.

Still, if these projections are correct, there will be people who lose their jobs next year. Anytime someone’s out of work, that’s a tough situation, not just for the individual, but also for their friends and loved ones. But the big question is: will enough people lose their jobs to create a flood of foreclosures that could crash the housing market?

Looking ahead, projections show the unemployment rate will likely stay below the 75-year average. That means you shouldn't expect a wave of foreclosures that would impact the housing market in a big way.

Bottom Line

Most experts now think we won't have a recession in the next year. They also don't expect a big jump in the unemployment rate. That means you don’t need to fear a flood of foreclosures that would cause the housing market to crash.

March 13, 2024

Your Home May Be Your Most Powerful Investment



Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash. Some in the media were even forecasting home prices would drop by as much as 10-20%—and that might have made you feel a bit unsure about buying a home.

But here’s what actually happened: home prices went up more than usual. Brian D. Luke, Head of Commodities at S&P Dow Jones Indicesexplains:

“Looking back at the year, 2023 appears to have exceeded average annual home price gains over the past 35 years.”

To put last year’s growth into context, the graph below uses data from Freddie Mac on how home prices have changed each year going back to 1980. The dotted line shows the long-term average for appreciation:

 a graph showing the average of a home appreciation

 

The big takeaway? Home prices almost always go up.

As an article from Forbes says:

“. . . the U.S. real estate market has a long and reliable history of increasing in value over time.”

In fact, since 1980, the only time home prices dropped was during the housing market crash (shown in red in the graph above). Fortunately, the market today isn’t like it was in 2008. For starters, there aren’t enough available homes to meet buyer demand right now. On top of that, homeowners have a tremendous amount of equity, so they’re on much stronger footing than they were back then. That means there won’t be a wave of foreclosures that causes prices to fall.

The fact that home values went up every single year except those four in red is why owning a home can be one of the smartest moves you can make. When you’re a homeowner, you own something that typically becomes more valuable over time. And as your home’s value appreciates, your net worth grows

So, if you’re financially stable and prepared for the costs and expenses of homeownership, buying a home might make a lot of sense for you.

Bottom Line

Home prices almost always go up over time. That makes buying a home a smart move, if you’re ready and able. Let’s connect to talk about your goals and what’s available in our area.

March 11, 2024

Why Today’s Seller’s Market Is Good for Your Bottom Line



Thinking about selling your house and wondering if now’s a good time to do it? Here’s what you need to know. Even though the number of homes for sale has been growing this year, there still aren’t enough homes on the market for all the buyers who want to buy.

So, what does that mean for you? To keep it simple, it means it’s still a seller’s market. Here’s how it works:

  • neutral market is when supply and demand is balanced. Basically, there are enough homes to meet buyer demand based on the current sales pace, and home prices hold fairly steady.
  • buyer’s market is when there are more homes for sale than there are buyers. When that happens, buyers have more negotiation power because sellers are willing to make compromises to close the deal. In a buyer’s market, sellers may have to do price cuts to re-ignite interest in their home, and prices may go down. But we haven’t seen this for years since there are so few homes available to buy.
  • In a seller’s market, it’s just the opposite. When the supply of homes for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which can lead to more bidding wars. And if buyers know they may be entering a bidding war, they’re going to do their best to submit a very attractive offer upfront. This could drive the final sale price of your house up.

The graph below uses data from the National Association of Realtors to show just how deep into seller’s market territory we still are today:

 a screenshot of a chart

 

What Does This Mean for You?

The market is still working in your favor. If you lean on an agent for advice on how to get your house list ready and how to price it competitively, it should get a lot of attention from eager buyers. That means you’ll likely get multiple offers and see your house sell quickly and for top dollar. As a recent article from Ramsey Solutions explains:

A seller’s market is when demand for homes is higher than the supply of homes. And that’s still the case right now. If you’re planning to sell your house, you can expect to sell it fairly quickly for close to your asking price—as long as your asking price is realistic for the current market.”

Bottom Line

Today’s housing market still favors sellers. If you’re ready to sell your house, let’s connect so you can start making your moves.

March 8, 2024

Spring Market Home Selling Sweet Spot

The Spring real estate market near Fort Meade is always a sweet spot for home selling?  Why is that?  Well, we're in a prime military market and PCS season generally starts in February and continues through September.  With Fort Meade as the areas largest employer, we're talking thousands of military and government homeowners who come up for orders and are looking to sell their homes as well as homebuyers to match.

Now is a great time to prep for peak season with preparation to sell your home including picking a great local agent to help you out.  


 

a screenshot of a phone

We've got all the tips and tricks you need to get your home market ready.  Follow The Roskelly Team for top Fort Meade real estate news.  We've got our finger on the pulse of the Fort Meade market!  EHO

March 7, 2024

Crofton MD Real Estate Sales

Crofton MD real estate market update

Well February brought a nice little increase in inventory. Even though demand was high, properties were selling right at 100% of asking price.  Interestingly, there were no crazy high bids on any of these homes.  A sure indication that even with low inventory, homebuyers are being a bit more judicious about how they are spending their dollars.  Since Crofton is one of the most popular cities in Anne Arundel county, we know that other areas followed suit.
 Save Market Report & Get Monthly Updates

Properties were on the market an average of 15 days, but in reality, the hottest homes were selling in a day or two.  

Crofton MD real estate sales for February

We live, work, and play in Crofton and have been local real estate experts for over two decades.  If you're thinking about listing your Crofton home for sale, The Roskelly Team has a long history of hitting all of the market highs with our in-depth marketing plan.  We work hard to make sure you get the terms you want when you sell.  Need a rent back, a specific closing date, or the best guidance on preparing your home for the market?  We've got you covered!

Thinking of buying a home in Crofton, MD?  We've got you covered there too. Start your home search online with us today and we'll fight for your best deal!  EHO