| Market Commentary Provided by Dee Elliott Interest rates are still looking good. Best time to buy a home. |
| Report Date | Winter 2010 |
CONNECT WITH A LOCAL PROFESSIONAL
Dee Elliott
Keller Williams Realty - Preferred Properties Upper Marlboro, Maryland 240-737-5000 WElliott@kw.com Agent Home Page |
|||
| Nearest Metro Area | Washington D.C. | ||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | |||||
| Market Trend | Increasing | ||||
| Housing Inventory | Very tight market | ||||
| Average Home Price | $250,000 - View Graph Trend | ||||
| Best Selling Price Range | $250,000 - $299,000 | ||||
| Worst Selling Price Range | $400,000 - $449,000 | ||||
| Compared to Last Year | Up 10-15% | ||||
| Prices As % of Asking Price | 100% | ||||
| Multiple Offers? | Yes | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in Laurel is | Increasing | ||||
| Seller Activity for the past 90 days in Laurel is | No Change | ||||
| Is Financing Available For Qualified Buyers in Laurel? | Yes | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% | ||||
| Housing Hot Spots | Entire Area | ||||
| Reason to Buy/Sell | Economic Growth $8000 home credit | ||||
| Average Sold Price | $250,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
|||||