March 2011 Baltimore Maryland Metro Region (including Annapolis and Anne Arundel County) MarketWatch
Realestate Business Intelligence ("RBI") is now putting out a monthly video covering local real estate market conditions. The one below is for the Balitmore Maryland metro region, which includes Annapolis and Anne Arundel County. The video is about two minutes long and reviews the basic statistics about the region.
Real estate trends can be very local, one subdivision or neigborhood trending up in price while another one is trending down in price, and the very next month it could flip-flop.
When selling a home, knowing the current trends that might affect the sale of you home is critical information to proper price positioning. Without knowing the trends, you could easily overprice your home and scare buyers away or underprice your home and give it away. Either way, you'll miss the market and possibly loose money along the way.
When buying a home, knowing which way home prices are trending offers critical guidance so that you don't over pay for your next home. While "timing the market" is very difficult, knowing the current real estate trends will help you know just where a home fits into todays market.
Comments(0)