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 The total number of withdrawn properties across a nine county area added up to 792 homes according to MRIS, the local Maryland MLS database.
Montgomery County showed the largest number of withdrawn properties – 200, followed by Prince George’s County with 198, Baltimore City with 136, Anne Arundel County with 73 homes, Baltimore Country with 70 homes, Howard County with 42, Frederick County with 35, Carroll County with 28 and Harford County with 10 homes withdrawn from the market.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.