I'm with Phil... we are in for an early (and busy) Spring!

By
Real Estate Agent with Thompson Company, REALTORS® MD594797

While walking my favorite trails, going on a couple of runs and just being out and about this past week, I noticed them. A bit of green pushing through here, a very yellow Forsythia there, the white of the first snow drops, and For Sale signs blooming ... unmistakable signs that Spring is on her way. 

I'm with Punxsutawney Phil who did not see his shadow this morning, we are in for an early Spring! That has already proven true for the Real Estate market. Traditionally it isn't until the warmer weather arrives that we see the market and competition heat up (due to sunshine, school year timing, tax refunds etc.)... not so this year. The inventory is low (not even 1 month for Silver Spring, MD!), and so are interest rates - it's a winning combination for savvy home sellers.

 

 

 

This chart shows the month-by-month supply for all home types in Silver Spring, MD for 2019. It is a measure to show how long it would take for all active listings to sell given the current sales pace (from active to pending). 4-5 months is considered to be a balanced market (although in our neck of the woods 3 months would be more accurate), neither favoring buyers nor sellers. Anything longer and we are in clear buyer's territory, anything shorter and sellers are in the driver's seat. 

Spring market 2020 has begunContact me, Andrea with Thompson Company, REALTORS - your local boutique brokerage with history - at 240.593.2860 if you want to take advantage of today's sellers market.

I'll provide you with a detailed look into the sales activity in your neighborhood, and let you know exactly what you need to do before listing your home this - early and sure to be busy - Spring. 

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ANDREA BEDARD, M.A. ~ THOMPSON COMPANY, REALTORS ~ 

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Thompson Company, REALTORS

16910 Oak Hill Rd, Silver Spring, MD 20905
o: (301) 384-9177 c: (240)593-2860

andreabedard.re@gmail.com

Andrea is a REALTOR® based in Silver Spring, MD, who has enjoyed assisting buyers and sellers in Montgomery and Howard County, MD (and beyond) for 15+ years now. She always answers the phone with a smile, enjoys running, hiking, and traveling, speaks German, reads a lot, blogs a little, and drinks too much coffee. 

 

Ready to fall in love? Then let's get started on writing your personal digital Real Estate story. Join Andrea on the very best, responsive, intelligent, and collaborative home search there is, powered by the MLS. Just click here to begin!

 

 Andrea Bedard, Thompson Company, REALTORS: from Just Listed to Just SOLD

 

All photographs are my own and I'd like to keep it that way.
Please get in touch prior to using any of my images and/or my original content. 
All information is deemed reliable but not guaranteed.

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Topic:
Home Selling
Location:
Maryland Montgomery County Silver Spring
Tags:
how low is the inventory in silver spring
should i wait until spring to list my silver spring house
housing inventory in silver spring md
is silver spring a sellers market
housing statistics for silver spring md

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Rainmaker
2,951,825
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Andrea Bedard glad Phil predicted we will have an early Spring.

Feb 02, 2020 08:01 PM #1
Rainmaker
1,775,191
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Absolutely right - the market is ready to burst with buyers looking for a new home! 

Feb 02, 2020 08:16 PM #2
Rainmaker
5,271,075
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Andrea Bedard speing is good....but I'm waiting for summer....that's my favorite....

Feb 03, 2020 03:42 AM #3
Rainmaker
3,553,133
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Andrea - I admit I have not paid much attention to Phil and/or his predictions.  And of course, those guys in the suits with those funny hats, absolutely no attention especially when it comes to fashion advice.  Just sayin'.  

Feb 03, 2020 05:01 AM #4
Rainmaker
759,972
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

I am, too, John Pusa and sure hope Phil is right. 

Hopefully we can get more sellers motivated to enter the market Lise Howe. It's tough to show houses when so little is for sale! 

Feb 03, 2020 03:21 PM #5
Rainmaker
759,972
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

I very much love summer as well  Barbara Todaro. I am so looking forward to T-Shirt & shorts weather. We had a bit of a teaser today with the sun out and temps around 60! Couldn't resist a walk around the lake, it felt so good.

Feb 03, 2020 03:24 PM #6
Rainmaker
759,972
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

I ignore Phil when he's wrong Michael Jacobs  but I very much want his prediction of an early Spring to be true - fashion faux pas or not! 

Feb 03, 2020 03:26 PM #7
Ambassador
3,135,098
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Andrea Bedard, I'm still enjoying winter...don't rush it. Always good to see you.

Feb 05, 2020 03:31 PM #8
Rainmaker
759,972
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

And it's always good to see you Margaret! Lunch soon?!

You know I would skip winter if I could ... I need daylight, and sunshine, and flowers to thrive. 

Feb 05, 2020 06:00 PM #9
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Andrea Bedard

M.A.; REALTOR® Silver Spring, MD and beyond
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