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!