Why? Because waiting could be expensive!
An analysis of the Baltimore Metro Area housing market shows that active inventory is at the lowest level since August 2005. Combine that with the average of only 38 days on market, and it’s hard to think of a better time to sell your home. If you wait until mid-Spring to put your home on the market, there are almost certain to be more homes for sale – meaning your home has more competition.
Low inventory means buyers don’t have many options to choose from, creating more demand for your home. Such situations typically lead to multiple offers, and can cause a bidding war where motivated buyers increase their offers – netting you more money in your pocket.
If you’ve been considering a move, take advantage of the current lack of inventory! Find out what your home is worth in today’s market, or contact us directly at 410.979.6024 to schedule your confidential free home valuation.
Baltimore Market Analysis based on January 2018 Bright MLS housing data