Who do you know who is thinking of moving this year? Wondering… is it a good time to sell the house?
This is a quick note to say yes, Act Now!
Current market data that I have gotten from the MLS and other reliable sources, including conversations with local Realtors, is showing that a combination of factors are making now a good time to sell, whether to move up or downsize.
- Listing inventory is low – the lowest inventory in TEN YEARS in Anne Arundel County (1741 listings at the end of January, down 14.5% from last January)
- Interest rates are rising – recently hitting a four-year high of 4.58% on 30-year fixed mortgages– causing buyers to get off the fence and get shopping.
Here are some relevant charts and articles.
Active Listings Anne Arundel County Maryland
Home Price Increases Since 2011 More Than Triple Income Gains
Existing Home Sales Decline, Inventory Still a Big Issue
If you know of someone who is looking at moving, let’s talk right away – call, text, or email me at 443-569-3977. I want to support you and your friends, colleagues, and clients in making the best decisions.
P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.
Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.
Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146
