Clarksburg Village MD | Housing Inventory Hits 30-Year Low

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  Housing Inventory Hits 30-Year Low

Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that will better fit their needs.

New data from CoreLogic shows that even though buyers came out in force, as predicted, homeowners did not make the jump to list their home in the second quarter of this year. Frank Nothaft, Chief Economist for CoreLogic had this to say,

“The growth in sales is slowing down, and this is not due to lack of affordability, but rather a lack of inventory. As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years.”

READ MORE: http://www.reallynicehomes.com/blog/clarksburg-village-md-housing-inventory-hits-30-year-low/


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