Fewer Homes on the Market Means Higher Prices
The number of homes on the market has continued to decrease.
With fewer homes from which to choose, Buyers bid up the prices of the existing homes.
In other words, it is a Seller's market.
Comparing March of 2017 to March of 2018 in the Maryland Real Estate Market, shows that the number of available homes decreased by 5.3%, the average sold price increased by 5.9%, and the median sold price increased by 5.4%.
This is a trend which has been taking place for close to 2 years now.
If you would like to list your house, I would be glad to help.
Waiting until next year, may put you into a different market, because mortgage interest rates are climbing, which will put a downward stressor on home values, since Buyers will not be able to afford as much.
Feel free to call me at 410-935-5844 for more details.
Century 21, The Real Estate Centre