The market report for Clarksburg MD for August 2012 has good news and bad Lets take a quick look at the report for Montgomery County Maryland in general The bad news first: In May there was only 69000 jobs added for the whole United States. The good news is that the private sector generated 1.8 million jobs between May 2011 to May 2012 Our local economy is tops when it comes to job creations and economic conditions. .that is the good news! Unemployment rate is 5.6% in Maryland compared to the rest of the country The laws of SUPPLY AND DEMAND are forecasting what the end of the year and the start of 2013 would look like, , PRICES ARE CERTAIN TO GO UP BECAUSE OF LOW INVENTORY AND A GROWING POOL OF BUYERS. AS THEY FIND THEMSELVES UNABLE TO BUY & COMPETE WITH OTHERS FOR THE VERY FEW LISTINGS OUT THERE.
Activity in the Real Estate market is high . .but inventories are at record lows Easy to figure this out. . A lot of people want to sell but, their equities are still too low to motivate them. Most of the inventory is coming from the MUST SELL homeowners to short sales and a few foreclosures out there. If you are a buyer, my advice is to act quickly and be prepared before going out there.
Notice the number of listings for August 2012 2345 Active Listings available This is the lowest number recorded in the last 7 years We have buyers. . but the listings are simply not there! Prices are rising because of this. The average Days on Market has dropped over 17% from last year, indicating the trend mentioned above. Listing priced well, are selling very quick!