Over the last couple of weeks in the $0-500K price bracket it seems like property is starting to move.  Perhaps this is just an early spring market, or there is some demand that hasn't been satisfied, but, now that demand is being fulfilled.  I've been working with a few clients who after looking at a house, thinking about it, finally getting interested in it, only to find that there were now multiple contracts to contend with!!!  Hmmm ... feels like a "tipping point" from buyer's market to seller's market and maybe we're transitioning into a new market.  You see, it's like a recession ... you don't know that you're in one until after it's almost over.  My intuition (gut instincts) suggests that we're certainly transitioning from the winter market to a spring market.  Showings are up, contracts are up, all of which leads to an uptick in sales.  Are these signs of a transitional market - yes - a seller's market - maybe - only time will tell.  Buyers, take note!!!

 

1 Comments on Market Assessment - Spring Conditions

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Stephen Howell

Annapolis, MD

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Coldwell Banker Residential Brokerage

Address: 170 Jennifer Road, Suite 102, Annapolis, MD, 21401

Office Phone: (410) 923-3217

Cell Phone: (443) 994-8043

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Real Estate Market Assessment, Conditions, and Outlook for Annapolis, Maryland


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