While the news media may continue to describe a dismal picture for the real estate market at a national level, the Maryland Real Estate market seems to be heating up. According to Full Time Sales Agent, Stephanie Bowen, she is not only seeing an uptick in buyer activity but also competing offers on properties too.
The market has really started to take off this spring! Not only are my listings receiving multiple offers, properties that my buyers are writing on are receiving multiple offers from other buyers, too! I’ve also noticed in some areas of Baltimore County there is less inventory to choose from, which makes competing offers even more prevalent. Buyers have really identified that this is a great time to buy with home prices being low and with all the exciting incentives out there including the First Time Home Buyer’s tax credit of up to $8,000.
This certainly isn’t the first story that involves multiple offers, and hopefully it won’t be the last!