If you are following the Fort Meade real estate market you'll want to zoom in on Anne Arundel county, nearest the base to get a feel for market conditions. This month saw a record 65% increase in the total sold dollar volume as compared to the same period in 2020. The average sold price is up 20% and days on market are down by almost 50%.
The total number of homes for sale including newly listed properties was up slightly overall, but the majority of those homes went under contract within days or weeks leaving us with a deficit in inventory.
Interest rates remain at records lows even after a slight increase and buyer demand continues at record levels. The vast majority of homes that sold were financed with conventional loans and closing cost help from sellers to buyers is very hard to come by.
We keep thinking this has to break but after 12 months of this steady activity we are seeing no slowing.
The Roskelly Team at Berkshire Hathaway specializes in homes for sale near Fort Meade in Anne Arundel county and we'd be happy to provide this same information for your city or neighborhood. Just give us a call at (410) 721-6694 or email at Laura@TheRoskellyTeam.com for a custom report.
If you're thinking of buying a home, we've been very successful in securing homes for our clients in this competitive market and you can start you search with us online at www.FortMeadeHomes.com.
If you're thinking of selling your home, we'd love to provide you with a free market analysis and you can learn more about our award winning marketing plan to get your home sold quickly and for top dollar.
We would love to put our 21 years of experience to work for you today!
