Here’s Why It’s Still a Sellers’ Market in Anne Arundel County

Why a Home Inspection Is Important

I’m seeing lots of doom and gloom posts about the real estate market, nationally.  But real estate is not a national product.  Real estate is a hyper-local product and, if you’re a home owner near Fort Meade, you can stay tuned on our social media and blog for the latest updates.  We can even get more specific by updating you on the neighborhood level of recent sales.   Just sign up for our no obligation market analysis reports and we’ll deliver your customized stats to you monthly.

CNN may have a story about a dramatic decline but that has nothing to do with the Fort Meade real estate market.  In fact, Anne Arundel County and the surrounding counties continually outpace national stats in great part because of our largest employer which is the military base and the National Security Agency.  It takes a LOT of manpower to keep that facility running and off-base, privately owned contractor businesses in support of the mission, bring even more homebuyers and sellers to our market due to the highly transient nature of the assignments here.

So, will your home sell with multiple offers in less than a week? The answer is “yes! How can we say that with such confidence?  Our latest home listing has been on the market for less than 48 hours and already has 12 showings and we’re expecting multiple offers.  It doesn’t work like magic though. You need to make sure you’re presenting a product that is better than your neighbor’s listing.  We can help!  With free market preparation guidance, access to our trusted local contractors for any prep work needed (ask us about pay at settlement for preparation costs), FREE home staging, professional photography and top-notch Internet advertising your home can be the next one to sell.

If you’re thinking about selling your home in Anne Arundel County, or within a 1-hour commute of Fort Meade, you are in The Roskelly Team’s area of expertise and we’d love to get you to sold!

Visit us online for a free market value analysis to see what your home might sell for in todays market, and check out our website for more information on Concierge Seller Services with The Roskelly Team!

Here's the latest information on the Odenton MD real estate market in zip code 21113.  The big news is the number of home sales is down almost 37% over the same period last year.  Keep in mind, our only barrier last year was inventory and, had it been there this would have been even higher.  Prices are still climbing and we have an almost 11% increase in home values in Odenton.  Due to the popularity of  large neighborhoods like Piney Orchard, Two Rivers and Seven Oaks and the proximity to Fort Meade, Odenton real estate is still a top destination for our clients.

Thinking of renting or selling your Odenton home?  Let's start you off with a free, no obligation market value analysis!

Buying a home in Odenton MD?  Our website gives you the most up to date and accurate information available.  Search all homes for sale and rent in Odenton MD right here.

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.  

Well here we are getting excited at .9 months worth of inventory in Anne Arundel County real estate.  But when we've been sitting on a completely empty tank for so long this is really good news!

A healthy, balanced market will have about 3 months worth of supply.  So, the market is still leaning towards seller's though we expect to see normal, seasonal increases in inventory really start hitting in July as school is out for the Summer and people are thinking about moving.

I've been seeing so many doom and gloom posts about the local real estate market lately, surprisingly from real estate agents. But we really think it's important to give you the facts rather than conjecture. And, we've got our fingers on the pulse of the local market.  We're in the trenches every day and can definitely tell you the sky is not falling on our real estate market.

Here's what is happening:

1.  Inventory - Homes are staying on the market a few days to a few weeks which is leading us to more of a healthy balance.  This shouldn't cause panic.  Your home has not lost value, it's just not gaining as quickly as buyer interest is cooling in part due to interest rates. Wise agents are educating their buyers that a 5% or 6% rate is still so low, historically, and that the low rates prompted by the pandemic were not sustainable.  The government cannot lend money at 2% and 3% interest indefinitely.

2.  Values - Price reductions are a "thing" again, but prices are still at record highs.  Some seller's are trying to reach top of market pricing in a cooling market but this is not the market to expect a big push over comparable sales values.  Don't overprice your home. Be prepared to consider closing cost help or paying to buy down the rate for your buyer to make your home the top choice.  The cost of those incentives can be added to the price in most circumstances.

3.  Days on Market - The best prepared and priced homes are still selling in days and multiple offers are a possibility.  Make sure you have the right real estate team on your sale.  We'd love to help and free home staging is included in our full service listing package.

Give us a call at (410) 721-6694 if you have questions about the value of your Anne Arundel County home! Or visit on online at FortMeadeHomes.com/Selling for a free, no-obligation market value analysis and information about listing your home for sale with the Fort Meade Real Estate experts at The Roskelly Team.

Let's talk Odenton Real Estate for the month of May.  This top choice destination for Fort Meade homebuyers includes the super popular subdivisions of Two Rivers, Piney Orchard and Seven Oaks (among others) and despite what I'm seeing some agents post about the halt on the market, I do not agree.  These stats support my point of view and I thought it was important that you were hearing and seeing what is really going on.  Especially in hot spots like Odenton!  If you ever want a free market evaluation, or want to talk to an expert about your home value or selling your Odenton home, we're just a phone call (410) 721-6694 or email away for an in-depth analysis or discussion about the market!

inventory is the issue for the month of May.  

If you ever want a free market evaluation, or want to talk to an expert about your home value or selling your Odenton home, we're just a phone call (410) 721-6694 or email away for an in-depth analysis or discussion about the market!

May was supposed to be the month that things slowed down!  But Piney Orchard real estate inventory is so low that there simply weren't enough homes to go around.  Proof positive that an investment in this most popular community will bring dividends for years.  It's simply a top spot for Anne Arundel County  & Fort Meade homebuyers.  

The Roskelly Team knows a thing or two about this market, having been a top seller in the community for over 20 years.   We'd love to bring that experience to work for you!  Contact us for a free, no obligation market analysis and to learn more about the marketing plan that has kept us a top local real estate team.

The Odenton real estate market continues to surpass other areas in Anne Arundel county in sales.  Even with a slight increase in inventory, the market absorbed all of it and pending sales rose beyond that increase!

Thinking of buying a home in Odenton or selling a home in Odenton?  Follow those links to connect to The Roskelly Team.  Your Odenton Real Estate specialists since 1999.