You’ve probably been hearing positive news about the real estate market lately. It’s nice for a change! Today’s Wall Street Journal, in an article titled, “Rise in Home Resales Points to Stronger Market” said:
Sales of previously owned homes notched another rise in July, and prices showed annual gains for the fifth consecutive month, the latest evidence that Americans are starting to wade back into the housing market.
Local sales are up, too. Sales volume so far this year in Anne Arundel County is 11% above last year.
The Wall Street Journal article also said:
Some analysts believe that the low inventory of existing homes is partly fueling strong sales of new homes. Toll Brothers Inc., TOL +0.42% the nation’s largest builder of luxury homes, said Wednesday that orders for new homes surged 57% in the quarter ended July 31 from a year earlier. On Thursday, the Census Bureau will release July data showing sales of new homes across the entire economy.
We have had more clients buy new construction this year than in recent years, and, even more than low inventory, the reason is that local builders have adjusted their prices to meet the market, more so than many individual home sellers.
Many homes are overpriced for today’s market, and buyers are looking hard to find value. Pent-up demand is high, and the Fall selling season is approaching.
If you are interested in selling but for some reason or another haven’t put your house on the market, please let me know, as I may be able to find a buyer for you.
Just last week I got a call from someone who has subscribed to my mailings for quite a while, appreciated them, and is getting ready to sell her marvelous custom home this Fall. (Details coming soon!) It’s always nice to meet such “secret admirers,” and to get started working together.
Have a wonderful day, and if you are a “secret admirer”, please don’t hesitate to call and introduce yourself. When you share your dreams with me, I can help you achieve them!
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.