Glenwood, Maryland Market Outlook for Spring 2013

By
Real Estate Agent with The Kittleman Group - Keller Williams Capital Properties

Spring is finally here!  Now is the time to look at how the market has shaped up so far this year, and to prognosticate on what the spring and summer months will bring.

First we turn our attention to homes that have gone under contract in the Glenwood area.  These are the harbingers of the SOLDs in 30-60 days.

Glenwood Maryland Under Contract

We went back two years to see past the seasonal variation in area sales.  You can see that last month (February 2013) is the best February we’ve had by far.  This means we can expect a strong early spring in home sales in Glenwood.

Now let’s look at the sold properties.

Glenwood Maryland SOLD Properties 

Homes sold are remain flat, so if we weren’t looking at the under contract properties, we could be fooled into thinking the market isn’t heating up.  Let’s look at supply and demand together to see what the price pressure is likely to be.

Glenwood Maryland Home Supply and Demand

Supply (number of homes on the market) is down nearly half from two years ago, and has been trending lower for a while.  Demand (homes sold) has remained steady in the area. 

We currently have 25 homes on the market, and in February 1 homes sold.  That’s a 25 month supply of homes, but if we base our forecast on the 6 under contract in February, the reality is that we have about a 4 month supply of homes on the market at the expected spring absorption rate, which puts us on the low end of a balanced market.


Based on these numbers, we are predicting a very active spring market, with some price appreciation possible in more sought-after areas.


Thinking of selling?  We’d be happy to learn about your home and present you with a custom marketing plan to help you maximize your return in this changing market.


Here’s to an active and exciting spring for you and your family!


Laura


P.S.  This and other Glenwood area information can be found at www.KittlemanGroup.com


Laura Kittleman is the owner of The Kittleman Group of Keller Williams Select Realtors.  She can be reached at 301-785-5889 or laurak@kittlemangroup.com

Posted by

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Laura Kittleman, REALTOR, Team Leader
The Kittleman Group
Keller Williams Select Realtors
www.KittlemanGroup.com
301-785-5889
laurak@kittlemangroup.com

Comments (1)

Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great information on the local market.

Thanks for sharing this very useful data about the housing sales in your area!

Mar 21, 2013 09:02 AM