Real Estate Inventories Across Maryland Drop!

This past week we saw a huge reduction in the number of homes listed for sale in Maryland. The total number of withdrawn properties across a nine county area added up to 792 homes according to MRIS, the local Maryland MLS database.

Montgomery County showed the largest number of withdrawn properties – 200, followed by Prince George’s County with 198, Baltimore City with 136, Anne Arundel County with 73 homes, Baltimore Country with 70 homes, Howard County with 42, Frederick County with 35, Carroll County with 28 and Harford County with 10 homes withdrawn from the market.

If you are currently selling your home, or thinking about listing your home for sale, this dramatic reduction in home inventory means that there is less competition in the market place. The lack of competition will help drive the current buyers to your home, and you should notice a increase in showings.

Thinking about taking your home off the market for the Holiday season? Think again! Showings during the Holidays often produce some of the most motivated buyers.

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2 Comments

Filed under Maryland Real Estate News

2 responses to “Real Estate Inventories Across Maryland Drop!

  1. Not everyone was doing their holiday shopping this past weekend. I was hosting an open house and had 4 groups of people stop by. One lady came with a camera hanging on her shoulder, laser measure and clipboard in hand. She proceeded to take interior and exterior photos, measure room sizes and make notes with diagrams of possible furniture placement. Now that’s what called an organized and serious buyer!

  2. Rich Scanlan

    The removal of all of the above mentioned properties appears to have had absolutely no effect on our attempts to sell our home. We do keep in mind that my wife and I are looking at the ‘trees’ while your attention is on the ‘forest’. In three weeks we have had a total of 3 or so visits (not counting an open house) but no real interest. As far as we can see there has been no interest whatsoever. I certainly hope your are right in your take on this but, up to now, the housing market is proving to be a tough nut to crack as far as selling our home is concerned. Patience however, is a virtue that we are trying to master….thanks.

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