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What Is Our Current Market Like?

Friday, October 14, 2022   /   by Nick Waldner

What Is Our Current Market Like?



Our market has seen a shift, but it’s still a good time to buy and sell.

“How is the market?” is probably the most common question that agents get asked, and that’s what we’ll talk about today. The only way to answer that question is with statistics. 

 

The median sales price in the Baltimore Metro Market has gone up in the last 30 days. Why is that? The median price is based on people that are buying in August. They got the August interest rate, and now they're settling. We're also seeing a lot of other changes in the market. Showings are down almost 30%, closed sales are down almost 26%, and buyer demand is down 15%, with 6% of that dropping last month alone.

"Don't believe everything you hear in the news."

 

Every time the Fed raises interest rates, it pulls buyers out of the market. However, houses are still selling well and in under two weeks. We’re still helping buyers into homes at low interest rates and helping sellers sell for top dollar. While there is a lot of scariness in the market, don't believe everything you hear in the news. Much of that is the media trying to sensationalize and get clicks while ignoring the facts.

 

If you're thinking about buying or selling, or if you have any other questions, reach out to us by phone or email, and we'll help you understand how to navigate this market. I look forward to hearing from you.

 
Waldner Winters Team of Keller Williams Realty Centre
Nick Waldner
9250 Rumsey Road, Suite 100
Columbia, MD 21045
410-505-8268

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Waldner Winters Team of Keller Williams Realty Centre participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2022 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: December 8, 2022 1 AM.
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