Housing Report for the Greater Washington DC area

MRIS released the Trends Reports for the first quarter of our MLS area.  It has some good news for buyers as well as sellers.  We are in changing times and everyone needs to know what to do in this type of market.  You can review the physical document on the MRIS webpage for the Trends Reports.    But for the mean time enjoy the video that accompanies the report.  I particularly like the part about sharply dropping from 11 months of inventory to 7 months of inventory.  We are still in a buyers market and they are purchasing the homes for about 10% less than the asking price.  Everyone needs to think about this when marketing their homes.  Frederick County is experiencing very similar results.

If you would like a more detailed report of you community, please contact me.

Have a great day.

Bob is a licensed Real Estate agent in Maryland and Pennsylvania. You can contact him via email at bob@gotbob4homes.com or call him on his cell phone at 240-285-4918.  Bob left the Frederick area to manage a resort office near Deep Creek Lake in Western Maryland. He still stays in touch with the area that he has grown to love.