Maryland Real Estate Trends 2017

Every year people debate over the Maryland real estate trends. Yet, this year it seems we are still in an upward pattern that people can be more confident in making more predictions for the future. While there might always be a debate for the right time to buy and sell, there is plenty of information to help you form your decision. There are always things to consider when selling a home or buying but here are some Maryland real estate trends for the end of 2016 going into 2017.

The Experts Weigh In

The market here in suburban Maryland, in Anne Arundel County especially, areas like Annapolis and Edgewater have seen a recent upswing. So what does that mean? According to CNN new home sales have hit their highest since 2008. Yes, that’s right. The highest since that year’s housing market bomb, followed by years of weak sales reports. This is good news.Maryland Real Estate Trends 2017

The Wall Street Journal is reporting that home prices in suburban Maryland are rising. Many analysts are saying that home prices have even hit a record high. Currently, the housing market trends are driven by scores of first-time home buyers, making it easier to sell your home. Consequently, meaning there are more homes on the market at various prices; a plus for buyers.

Location, Location, Location

Interestingly, though, while home prices are increasing across the board, not all Maryland Counties experience equal rises. This is good news for home buyers. With a little research and flexibility, you can find a lovely home, on an excellent piece of land for a reasonable price. Areas like Edgewater, Maryland have seen continued growth. Although, a buyer can still find a great house, with a lot of extra features at a reasonable selling point. Trends are showing that buyers have a bit of negotiating power as well, so never list the list price dissuade you.

Attractive Selling Points

While the home is certainly front and center in any real estate purchase, you need to consider the census facts of the region. Another reason Edgewater is an attractive choice. The residents are young, prosperous, thriving, and stable. Just a stone’s throw from Historic Annapolis and a short commute to both D.C. and Baltimore it offers a perfect retreat from the hustle and bustle.

Now is the Time

If you were waiting to make a move, now is the time. If you get the ball rolling, you could possibly be in your new home before the holidays. It is always recommended to use a real estate agent, to protect your interests, and help sort through Maryland real estate trends. J.J. Fegan is the premier real estate agent in the Edgewater area. Contact J.J. Fegan today. Let’s get you into your dream home!



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