While the Mid-Atlantic market has faced some challenges with fewer sales and new listings in February, there are still bright spots to focus on!

Home prices are holding strong — The median sold price rose 4.4% year-over-year, showing that demand remains steady. And condo prices even hit a record high!

Inventory is tight — With new listings down for the fourth straight month, buyers have less competition once they find the right home. If you’re thinking about selling, low inventory means your home could stand out! Smart timing matters — Pending sales suggest a slower pace ahead, but that creates an opportunity for prepared buyers to make a competitive move when the right property comes up.

If you’ve been thinking about buying or selling, now could be the perfect time to take advantage of these market conditions! Let’s create a winning plan together! Reach out today — let’s make your real estate goals a reality!

Curious about market trends in your neck of the woods?  Here are regional reports from our friends at Bright MLS…  https://www.brightmls.com/marketreports 

Please call us today with any questions for your Real Estate needs. We truly appreciate your trust and confidence in us!