We've long told you that our little pocket of real estate here in the Fort Meade / Odenton area is somewhat immune to the normal highs and lows of the national real estate market. Fort Meade and it's military & government employees, and government contractors ensure us a steady base of homebuyers and sellers pretty much year round. We don't expect 2023 to be any different. In fact we're already seeing the market pick up and just had multiple offers on our first listing of the year.
Choosing the right team with the right marketing plan certainly helps that as well.
For 2023 we do predict slow and steady growth after a few months of unprecedented low sales. Interest rates had everyone spooked but word is really getting out that the artificially low interest rates we had as a result of COVID were an anomaly that likely won't occur again and rates in the 5% - 7% range will continue to be the norm. Will this put a damper on double digit percentage increase in housing prices? Yes, yes it will. But we shouldn't have too far to fall. Rental rates are rising, the price of everything is rising and smart consumers know that the best way to long-term wealth is through real estate. They want to protect the cash they have by putting it in an asset that will grow and they are banking on the Odenton real estate market and Anne Arundel county in general to provide those results. Buyers aren't just tiptoeing into the market, they are coming in hot and looking for very specific wants in a home that they aren't willing to compromise on.
Will you have 20 offers on your home in 2023? Well, that's unlikely but all you need is one great offer to make your home selling dreams a reality. This year, the focus is going to be on preparation and presentation. While that's always been our goal at The Roskelly Team (we offer FREE home staging), it's especially important this year and having a team of professionals with 22 years of local market experience is exactly what you'll need to navigate the changing market.
Give us a call today and consider it SOLD!
EHO
