Clarksburg Village MD | Want to Keep up with the Joneses? Now’s the Time
Clarksburg Village MD Local Market Tidbits:
What can you say about our local Real Estate Market for this year?
I like to analyze it with a depth study and perspective to bring you the facts and insights that should matter to you.
If you are a buyer, you should proceed with caution in choosing existing homes vs new construction.
If you are a seller, you have major competition with new construction in the area and it is very important that your marketing should primarily highlight the benefits from your home's perspective.
Clarksburg Village remains the most sought after neighborhood in Clarksburg MD and there are several reason why..
Today I want to talk to you about Want to Keep up with the Joneses? Now’s the Time
Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life?
Market conditions around the country have presented an opportunity like no other for those who are looking to make the jump to a premium or luxury home.
The National Association of Realtors reports that national inventory levels are now at a 4.3-month supply. A normal market, where prices appreciate with inflation, has 6-7-months inventory. The national market has echoed the conditions felt in the starter and trade-up markets as inventory has declined year-over-year for 25 consecutive months.
The chart below shows the relationship between the inventory of homes for sale and prices.
According to Trulia’s latest Inventory Report, the inventory of homes for sale in the two lower priced markets has dropped by double digit percentages over the last 12 months (16% for starter and 13% for trade-up homes). While the inventory of homes in the premium home category has dropped by only 4%.
This has created a seller’s market in the lower-priced markets, as 54% of homes were on the market for less than a month in the last Realtors Confidence Index, and a buyer’s market in the luxury market, where homes were on the market for an average of 160 days according to the Institute for Luxury Home Marketing.
If you are even thinking of listing your home and moving up to a luxury home, let’s get together to evaluate your ability to do so. Homeowners across the country are upgrading their homes, why can’t you? Your dream home is waiting!
The Clarksburg Village Maryland real estate market is uniquely hyper-local, meaning that you can't throw the latest sales numbers within local/national levels and expect meaningful results about its condition.
Buyers should be very observant about the trends and direction of the market before putting an offer for a house.
Our agents are ready to help all your real estate needs
To reach us, please call 301-246-0001
or send us an email info@ReallyNiceHomes.com
Search for the newest listings in Clarksburg by map (click picture below)
Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system
www.99SOLD.com - Call or text 240-426-5754 for more information.