A recent NAR report indicates the market is stabilizing - good for buyers and sellers both.

A recent report by the National Association of Realtors projects that home sales will stabilize over the rest of the year. 

The NAR’s chief economist said, “The major housing indicators have been moving up and down within a reasonable range, which means the market should even-out just below present levels. At the same time, housing inventory levels are balanced in much of the country, so overall price appreciation will be at a normal rate. We should see home sales rise and fall month to month, but don’t look for any big shifts one way or the other.”

That sounds like good news for both buyers and sellers in Maryland.  Even though the market has been strong here, a general settling-down will give everyone a chance to catch their breath.  For sellers, a stable market means a still-healthy level of competition for good homes.  And for buyers, it means a fair chance to make a competitive offer when they find the house of their dreams. 

As the NAR president said, “When it comes to big ticket purchases, buyers are more comfortable in a stabilizing environment. At the same time home sellers in most areas understand that the period of abnormal price growth is over, and they have become more realistic about the current market.”

The Maryland real estate market is rich and varied.  Count on the “Special” Ed Exit First Realty Team to help you find your home in the “Land of Pleasant Living.”

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