Well 2008 has come to an here is home the Hagerstown Maryland Real Estate Market fared.
Here is a snapshot of residential home sales in Hagerstown MD over the past 5 years
Days on the Market
As you can see the number of sales have greatly decreased and days on the market have greatly increased over the past years. In addition average prices in Hagerstown are declining and only now above 2004 levels.
Currently the home inventory in Hagerstown is at 781.
My prediction for 2009 will be more of the same of what we saw in 2008 although many factors can influence the outcome. We'll have to wait and see.
RATES are fantastic now, for one thing and buyers do seem to be coming back out!