Sellers Are Returning to the Waldorf MD Housing Market to Buy.
In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Research at realtor.com, explains:
“Seller confidence has been improving gradually after reaching its bottom in mid-April, and now it appears to have reached an important recovery milestone…After five long months, sellers are back in the housing market; while encouraging, the improvement to new listings is only the first step in the long road to solving low inventory issues keeping many buyers at bay.”
Even with the number of homes coming into the market, the available inventory is well below where it needs to be to satisfy buyer interest. The National Association of Realtors (NAR) reports:
“Total housing inventory at the end of June totaled 1.57 million units, up 1.3% from May, but still down 18.2% from one year ago (1.92 million). Unsold inventory sits at a 4.0-month supply at the current sales pace, down from both 4.8 months in May and from the 4.3-month figure recorded in June 2019.”
Waldorf MD Houses today are selling faster than they’re coming to market. That’s why we only have inventory for 4 months at the current sales pace when in reality we need inventory for 6 months to keep up. But, as mentioned above, sellers are starting to return to the game. Realtor.com explains:
“The ‘housing supply’ component – which tracks growth of new listings – reached 101.7, up 4.9 points over the prior week, finally reaching the January growth baseline. The big milestone in new listings growth comes as seller sentiment continues to build momentum…After constant gradual improvements since mid-April, seller confidence appears to be reaching an important milestone. The temporary boost in new listings comes as the summer season replaces the typical spring homebuying season. More homes are entering the market than typical for this time of the year.”
A good time to enter the housing market is when the competition in your area is low, meaning there are fewer sellers than interested buyers. You don’t want to wait for all of the other homeowners to list their houses before you do, providing more options for buyers to choose from. With sellers starting to get back into the market after five months of waiting, if you want to sell your house for the best possible price, now is a great time to do so.
It can be challenging to find a home in today’s low-inventory environment. If more sellers are starting to put their houses up for sale, there will be more homes for you to choose from, providing a better opportunity to find the home of your dreams while taking advantage of the affordability that comes with historically low mortgage rates.
While we still have a long way to go to catch up with the current demand, inventory is slowly starting to return to the market. If you’re thinking of moving this year, let’s connect today so you’re ready to make your move when the home of your dreams comes up for sale.
Although you pay the seller for the house in Waldorf MD, you don't need to add anything in for the agents' pay. This is known in Maryland Real Estate Law as Buyer Agency. The seller is responsible for seeing that Waldorf MD Realtors involved receive their payment, which is commonly set as a commission; that is, a percentage of the selling price.
I have been in many homes, sitting across from a potential client who has never worked with a Realtor before. In these times everyone has a family member or a friend who has a Maryland State Real Estete License. If you are on this page there is a reason to hire Waldorf MD Realtor
I have linked a review on Zillow.com. It would be tough to use online advertising to find the right Realor®. If they make the top 3 of your search results, then they may be a good agent to wor with. Find an agent that makes you feel comfortable and you know they can keep confidentiality with all the Sellers information.
If your interested in buying, get out on a beautiful day and stop by one of the open houses. On Realtor.com along with SkipYoung.com we can provide the open houses for you.
If you have lived in Waldorf MD for long time like myself, you know the territory. Knowing the developments and what subdivision are coming up with new construction. Getting you out to the house for sale ASAP.
Referrals are a huge part of a Realtor job. I not only try to find the right agents for my PCSing to Fort Meade MD, Waldorf, MD Realtor. After doing a good job, if the client likes you and believes in you, then the relationship of agency to list your home starts.
In Maryland, the consumer should always have a choice of Realtors® to choice from. You can use Zillow to find your realtor, realtor.com. Keep an eye out for Social Media presence since everything has gone online
When you meet a reator® at your home, make sure you ask the right questions. How long have you been in the businesss. In the the last 6 months how many homes in the Waldorf MD sold.
We all have our reasons to move. PCSing to new duty station, Relocation to new area. The house you have been waiting for since childhood is now on the market.. This way everyone knows exactly what is expected of them.
- PCS move here to Fort Meade, MD, is officially complete I wanted to make a clear and succinct guide on how to conduct a PCS move. Service requirements for the VA Home loan when you PCS to Fort Meade MD VA Home Loan Proof of Service Requirement VA Home Loan Qualification VA Loans, overlays, income, debit, and credit when buying home in the Waldorf, MD What are the VA Home Loan Proof of Funds
If you are stationed here and are looking to purchase or sell a home please contact Skip Young Realtor®
Skip Young Realtor® with Reviews as a Realtor®, has an extensive background in working with an Elite Unit while serving his country from 91 - 94. Now an Award-winning Realtor®, located in Waldorf MD, has proven not just in the ranks of the field with an Elite unit in the Army, but also in the Maryland Real Estate Business. By working with every type of client, to include active duty and veterans alike. His dedication to helping those who are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in Washington DC, Maryland or Virginia. Military bases such as:
If you are stationed here and are looking to purchase or sell a home please contact Skip You are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in Washington DC, Maryland or Virginia. Military bases such as:
Skip Young Realtor® with Reviews as a Realtor®, has an extensive background in working with an Elite Unit while serving his country from 91 - 94. Now an Award-winning Realtor®, located in Waldorf MD, has proven not just in the ranks of the field with an Elite unit in the Army, but also in the Maryland Real Estate Business. By working with every type of client, to include active duty and veterans alike. His dedication to helping those who are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in the Washington DC, Maryland or Virginia. Military bases such as:
There are currently 23 million veterans and service members right in your local community of Washington DC, Maryland, and Virginia. They transact over $153 billion annually in the Local Real Estate purchases and Selling of Property, along with the Rental Market. Learn how you can help tap into and serve the veteran community with VAREP, the Greater Annapolis Chapter. Skip Young your Waldorf MD Realtor® and Veteran is still continuing to serve my country by helping our community of brothers and sisters by representing the Government Affairs division. The position is about assisting in changing the laws that help protect veterans and service members who need to find housing in the Washington DC Maryland and Virginia area.
- William Richmond