The inventory of homes for sale in Odenton MD was down a whopping 38% in October 2021 which left homebuyers scrambling for inventory and home sellers with multiple offers and favorable contract terms.  The total number of pending homes was down 27% and of course that has everything to do with the inventory.  The sold dollar volume was up an incredible 25% bolstered by an 8% increase in the average sold price.  Conventional financing deals lead the way with VA coming in second and FHA & cash almost tied in last place.

The Roskelly Team specializes in Odenton Real estate.  If you're thinking of selling your Odenton home contact us for a free market analysis.  We'll show you how to maximize the profits of your sale and make sure you understand and obtain everything this market can bring you!

If you're interested in buying a home in Odenton, start your search online with us today at www.FortMeadedHomes.com/Odenton.

Anne Arundel County Real Estate News - October 2021 Real Estate Update:

The County saw a 20% decrease in listing inventory which created a chain reaction decline in under contract properties which were down almost 17% compared to last year.  If we'd had more homes, they would have been absorbed as well!  The sold dollar volume was down almost 8% with an 8% increase in the average sold price.

Conventional financing dominated the market followed VA, FHA and cash.  Market conditions in the Fort Meade area remain in the Sellers favor but we are seeing just enough softening of the market that closing help and other concessions are coming back into play on some homes.

Need an expert in your corner to sell your Fort Meade area home?  The Roskelly Team specializes in Anne Arundel County real estate including the cities of Odenton, Severn, Crofton, Gambrills & Millersville.  Contact us for a free market value analysis or visit us on-line to search all homes for sale near Fort Meade & NSA.

Real estate inventory is finally climbing in Odenton with a 20% increase in the number of newly listed homes as compared to 8/2020, and a 10% carry over of inventory from the previous month.  The total number of pending sales was down 2% which is really going to help to bring a little balance to the market.   There are no signs of the market weakening substantially though and we're still seeing multiple offers in the Odenton real estate market especially in the ever popular neighborhoods of Seven Oaks and Piney Orchard.

The sold dollar volume was up a whopping 37% with a 16% increase in the median sold price.  If you're an Odenton homeowner, you've enjoyed some real equity gains this year.

If you've been thinking about selling your Odenton home or are just curious about your current market value, contact us for a free market value analysis.

If you're thinking of buying, selling or renting a home in Odenton, The Roskelly Team at Berkshire Hathaway HomeServices specializes in Odenton real estate and we'd love to put our 20+ years of local market experience to work for you today!

Anne Arundel county real estate activity is slowing from a crazy 18 month ride post COVID.  There was a 4% increase in available inventory this month as compared to the same period in 2020 and pending sales dropped 13%.

This doesn't mean we're expecting a crash or even a big softening of the market.  Multiple, over asking offers are only happening on the hottest listings so marketing expertise is so very important.  If you're thinking of selling your home we'd love to show you how to make it stand out from the competition.

The total sold dollar volume was up 11% with a median price increase of almost 8%.  Great news if you already own a home in the area!

Thinking of buying or selling a home in Odenton MD?  The market in this popular Anne Arundel County city near Fort Meade MD is still hot, hot, hot and exceeding the stats for the overall county.

Newly listed properties were down 20% as compared to July 2020.  Pending sales barely shifted with a 3% increase but with the loss in inventory it is still a strong seller's market.  The sold dollar volume was up a whopping 33% and the average sold price is up 16%.  So home values continue to increase and while that will likely level off in the next six months, we don't expect it to move backward on values.

We did see some significant decreases in showings and multiple offers, but well prepared and priced homes are still getting top dollar even if there is only one offer.

The Roskelly Team at Berkshire Hathaway specializes in homes for sale in Odenton near Fort Meade MD.  We'd love to put our 20+ years of experience to work for you.  If you need a top rated agent to list your Odenton home for sale visit us online for a free market value analysis or give us a call at (410) 721-6694.

If you're thinking of buying a home in Odenton, we can make that happen for you with a carefully crafted offer made with current market conditions in mind.  Start here to search all homes for sale in Odenton.

July brought a modest 13% increase in new listings hitting the market.  However, overall inventory is still down almost 20% compared to the same period in 2020 and pending sales are just staying even with last year so we are seeing some leveling off.

The average sold price continues its climb with a 13% increase and a whopping 61% decrease in days on market.  Homes are selling on average in just 9 days.  So, it's still a great time to sell and take advantage of the dramatic price increases we've experienced in the past 18 months.  And for buyers who have been on the sidelines, it IS possible to negotiate price and closing help for most listings right now.  Call (410) 721-6694 or visit us online at www.FortMeadeHomes.com if you'd like to start the search for your new Howard County home or find out how to maximize the profit if you're selling!

We're seeing a solid (much needed) leveling off in the Anne Arundel county real estate market.  New inventory was up a tiny bit (3%) over the same period in 2020 but overall inventory was still down 21% with pending sales down almost 8%.  

The hottest properties are still receiving multiple offers but MOST properties are not.  Sellers still rule the roost as offer prices are matching asking prices with little to no closing help offered. This trend left us with an average sales price that was up almost 8% and days on market down 62% showing we still have steady buyer interest. 

Thinking of buying or selling a a home in Anne Arundel County?  The Roskelly Team would love to put their 20+ years of local market experience to work for you today.  Call 410-721-6694 or visit us on-line at www.FortMeadeHomes.com.

We're starting to see some changes in the local real estate market.  I just finished up some stats for Anne Arundel county where we saw an increase in inventory for the first time in forever...along with a decrease in sales.

Howard county is not yet feeling the the full effects of these changes with an overall increase in new listings of almost 13% and an increase in sales of only 7%, leaving a little inventory behind which is much needed to get us back to a balanced market.  

The market is still overall in the seller's favor and you'll need some sharp negotiating skills if you're buying in this market.  Put the power of The Roskelly Team to work for you today by starting your home search online with us at www.FortMeadeHomes.com or by calling (410) 721-6694.

We're finally starting to see what we've been "feeling" in the market for a couple of months now.  Inventory is climbing and demand is dropping.  Newly listed properties climbed almost 16% over the same period in 2020, while under contract properties dropped by almost 10%.

At first, I thought we were seeing a real, market driven change but thinking back to these last 4 - 6 weeks I'm seeing friends all over Facebook.....VACATIONING!!!  Now that many of us are vaccinated and pandemic restrictions are lifting in most areas, people are traveling and having fun.  We haven't had that buyer audience absence since 2019.  I believe this is likely the biggest factor contributing factor along with buyers who have just given up because the market was too competitive.

So, if you're thinking of buying but have been waiting the market out, NOW is the time to start your Anne Arundel County home shopping again!  We're seeing seller help come back in to play and there are fewer multiple offer situations.

If you're thinking of selling your Anne Arundel county home, you're still in an overall seller's market and our real estate staging, marketing and photography places our listing stats in the top 1% of the Anne Arundel real estate market.

Put the Roskelly Team to work for you today! Give us a call at (410) 721-6694 or visit us online at www.FortMeadeHomes.com.

If you've been searching for your new home near Fort Meade MD, chances are you've faced multiple offers and some really crazy bidding wars.  If you have a lot of expendable cash and you're buying your forever home, investing in real estate (even in this market) is probably a good idea.  

If you're a military family or don't plan to be in the area long term it can feel pretty bleak right now.  But rest assured, the market is changing as we see potential homeowners "give up" and more inventory come on the market we're seeing full price (or market value) sales with some to include closing help.  A much needed form of assistance for military families in MD as our closing costs average about $12,000 on a $400k home.

We aren't sure if this is a temporary lull but know NOW is the time to start looking or start looking again!

If you've been on the fence about buying, give us a call at (410) 721-6694 or visit us on-line at www.FortMeadeHomes.com to start your home search with us today.

We've helped 15 families in the past 30 days secure their dream home and we'd love to go to work for you!