Are you an Odenton, MD homeowner or plan to be in 2020? Check out the latest home sale & real estate values for Odenton MD for December 2019.
Inventory is the buzzword and has been for the past 6 months. There simply are not enough homes available to meet buyer demand in Odenton. This is resulting in multiple offers for homes that are properly prepared for sale and priced competitively. And, more buyers are requesting lower closing help amounts or making offers above asking price to be competitive for the top properties.
First lets take a closer look at inventory levels. A healthy balanced market will have about a 6 month supply of. There is now less than a one month supply available.
42 new homes came on the market for sale in Odenton in December (down 20% from 2018) and 49 went under contract (up almost 10% from 2018). This left an overall increase in home value of almost 10% over 2018. And this quick absorption is a continuing trend. What does this mean to you as a home seller in Odenton? Well, your values should continue to steadily increase. And, if you're buying a home in Odenton, you'll want a real estate agent who really understands the market and can position your offer to be the winning offer. We've got over 20 years of experience in doing just that.
Thinking of listing your Odenton home for sale or just curious about your value? The Roskelly Team at RE/MAX Leading Edge would love to go to work for you. Contact us for a free, no-obligation market value analysis. And if you're thinking of buying a home in Odenton MD you can start your search for all Odenton MD homes for sale right here!