As we are patiently waiting for July 2022 sales statistics for homes in the Fort Meade real estate market, we wanted to share an interesting graphic with you!
We are ALL feeling a slow down and there are measurable stats to support it. However, let's keep in mind that we are comparing this year to 2021 when the pace of sales was literally unsustainable. We're building inventory that we have been missing for almost three 3 years.
Sellers need to know that our particular area near Fort Meade MD has been relatively immune to huge market fluctuations, so this feels a little unusual but it really isn't. We're returning to a healthy real estate market where sellers and buyers are on more equal footing.
What does this mean for you if you are selling? Well, we're prepping our sellers for a little bit longer on the market and letting them know that we can negotiate the perfect compromise with the right buyer!
If you're buying, there really hasn't been a better time to do it than now in a really long time. Interest rates are still at historic lows - though up from the unsustainable interest rates of the past couple of years. Nobody expected those rates to continue. In most cases, leveling prices will offset the minimal increase in monthly payments you'll see with current interest rates.
If you're thinking about buying or selling a home in Anne Arundel County, you can count on The Roskelly Team for expert guidance in any market.
