Almost Time to go back to School!!!

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Alright, summer is almost officially over. Now what? Back to school, football, Frederick Fair, raking leaves, longer rush hours on 270 since everyone is back to work. House sales tend to slow down now with a little increase from early fall to Thanksgiving.

Not much has happened in the past month… there was a small spike in activity the last couple weeks. The trends are heading to a more favorable buyer market. The inventory on hand is a little more than 5 months. When you have 6 months of inventory, it is a “normal” market. When you are below 6 months, you are . Of course when you are above 6, it favors the buyers. What does 6 month of inventory mean? If we stopped adding new homes on the market, there would be enough homes to sell for the next 6 months. (based on the average number of sales the last 6 months) There are still a lot of homes out there…condition and price are the key motivators for the buyers. Seller subsidies are becoming a common request from buyers also.

Total homes on market today….. 1985
Under contract in the last 7 days….77
New to the market in the last 2 days…87

August 11, 2006 · Filed Under Market Condition

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