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 How's The Market?

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

It All Depends on Who You Talk To

 

I've been talking with people about the current real estate market in the past week. Ask the man who just sold his house, and he'll say the market is excellent. Ask the woman whose house has been listed for several months, and she'll tell you the market is terrible. The truth is they're both right.

 I talked with a man who bought his house two years ago and wants to ask for several hundred thousand more. I thought, "Terrific! He must have made some great improvements. Maybe there's an addition, a new kitchen, or a pool with a hot tub."

But he hadn't - all he had done was paint. I had to tell him that the market would not support that price bump these days.



But a house priced right with a fair profit for the seller and a good value for the buyer will sell. Good professional Realtors® are busy listing, selling, marketing, and calming the public's jitters from listening to and reading scare stories in the press.

This is a slower time for real estate. It's January, and people are traveling or busy with school, work, and winter vacations. 

But there are still a lot of buyers waiting for the right home.

How's The Market? It All Depends on Who You Talk To

If you are thinking about selling your home

Call Margaret Rome


Posted by

Margaret Rome
HomeRome Realty
Broker/Owner/Realtor®

Baltimore, Maryland


Sell Your Home With Margaret Rome

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Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Margaret - all kinds of factors have an influence.  A question of marketability is the start of a conversation.   Maybe it's something bigger.  At times it can be much smaller.  And perhaps coincidentally, the conversation may become briefer.  After all real estate is about discovery.  

Jan 16, 2023 01:05 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Thank you, Michael Jacobs I love your comment!  "After all real estate is about discovery. "

Jan 16, 2023 01:11 PM
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

Hi Margaret, you are right on target. Yes, the market does depend on who we are talking to in some way, either in a conversation, a blog or even a tweet. In my opinion, if we listen, our answers can have more influence then we imagine. Like throwing a pebble in the pond...lots of ripples to get to shore. Best wishes for the new year!

Jan 16, 2023 02:50 PM
Margaret Rome Baltimore 410-530-2400

Hi, Emily Medvec Great seeing you, and this is true: "if we listen, our answers can have more influence then we imagine.''

Jan 16, 2023 06:16 PM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Exactly Margaret. It all depends on who talking!  Our market is moving, not like before thank goodness, but in my area the inventory is down a bit from last fall, 40 or so closings, about 25 pending and it keeps on marching.  This time of year is when we're flooded with visitors plus we're hosting the Phoenix Golf Open and the Super Bowl so it's like being on steroids.  Restaurants and stores are busy.....lots of people in town thinking about buying.

Jan 16, 2023 03:24 PM
Anna "Banana" Kruchten

Not exactly brisk....but moving.  Nothing like the previous few years.

Jan 16, 2023 07:48 PM
Margaret Rome Baltimore 410-530-2400

Anna Banana Kruchten Phoenix Broker  Sounds more than brisk!

Your market is booming with activity! 

Jan 16, 2023 06:18 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

You make excellent points about how important market readiness is to successfully selling homes.  And, it can certainly alter seller perspective of how the real estate market is.

Jan 16, 2023 05:20 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Margaret, on having this blog FEATURED in the Old Farts Club group!  

Jan 16, 2023 05:21 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Thank you, Myrl Jeffcoat, for your comment and your feature in OFC!

Jan 16, 2023 06:19 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Margaret. Many factors beyond your control have an impact on the market. That said, the attitude you have when it is time for you to buy or sell is all that counts. You nailed it! Enjoy your day.

Jan 17, 2023 04:35 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Thank you, Wayne Martin; so good to see you.

Jan 17, 2023 06:12 PM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

It depends IMO on the L3 and the buyer's financial circumstances. 

Jan 17, 2023 10:49 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Hello Margaret Rome Baltimore 410-530-2400 ... I so agree 100% with this blog!  It really does depend on who you are talking with.  In my experience ... it's all relative.  I will stay positive and share my honest opinions with my clients.  I always appreciate your observations!

Jan 23, 2023 10:08 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Diana Dahlberg, It does depend on who we talk with. Thanks for taking the time to comment.

Jan 23, 2023 10:39 AM