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Don’t Wait to Sell Your House! Buyers Are Out Now

John P.R. Lee

Experienced -  A top real estate agent licensed in Maryland and team leader of the Crawford & Lee Team serving Maryland, Virginia, and Washington DC ...

Experienced -  A top real estate agent licensed in Maryland and team leader of the Crawford & Lee Team serving Maryland, Virginia, and Washington DC ...

Sep 30 3 minutes read

Let’s see how this applies to the current residential real estate market.

SUPPLY

It is no secret that the supply of homes for sale has been far below the number needed to sustain a normal market for over a year at this point. A normal market requires six months of housing inventory to meet the demand. The latest report from NAR revealed that there is currently only a 3.6-month supply of houses on the market.

Supply is currently very low!


DEMAND

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers who are actually out looking at homes) disclosed that “foot traffic grew 10.5 points to 52.4 in March as the new season approaches.”

Demand is currently very high!


Bottom Line

Waiting to sell will only increase the competition between you and all of the other sellers putting their houses on the market later this summer. If you are debating whether or not to list your home, let’s get together to discuss the conditions in our market.



House Prices: Simply a Matter of Supply & Demand

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Existing-Home Sales

The Existing-Home Sales data measures sales and prices of existing single-family homes for...

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Infographic: March 2018 Foot Traffic

Buyer demand strengthened in March, despite affordability and inventory constraints....

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Crawford & Lee's Coming Soon

We are constantly meeting with homeowners about the sale of their homes. As a result we ha...

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Ready to Sell?

With over 570 successful sales we have the experience you need to maximize your value.

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