Germantown Maryland Real Estate Market Report
Most homeowners across Germantown Maryland zip codes 20874 and 20876 have been enjoying an upswing in their home values, and home-sale prices are expected to continue rising for at least the next several months.
The addition of significant new shopping centers like the new Wegmans grocery store at the Shops at Seneca Meadows has made life a little easier for Germantown residents.
2015 is here - buyers and sellers are on their way to be more active.
Interest rates still are under an affordable 5% rate or below ..and that will be watched closely in 2015 and beyond. An upswing in interest rates could be very harmful to our young real estate market recovery.
If you are looking to buy in Germantown MD for 2014, our recommendation is to start early rather than later. Interest rates are very fragile in our market right now and could change dramatically at any time.
If you are looking to sell in Germantown MD for 2014, our recommendation is to be realistic and don't take chances on the marketing of your home plus the pricing, These two elements goes together hand on hand for a successful sale.
Remember, in Montgomery County Maryland for 2013.... 25.1 of listings did not sell and went expired...that is one out of four houses!