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Tobin's note: You would have to save $1,667 a month ($20,000 total) to buy same home you saw 12 months ago. 5.6% annual increase. Wow!
Why wait to buy? See statistics below that confirm the $20,000 increase in median home price in past 12 months
See chart below:
MARYLAND (see below) has a 5-year LOW inventory of homes for sale.
See "gold" and "orange" dials below. SUMMARY: SELLER's Market.
See chart below. This is National Chart showing the number of written offers on home sales is going up. Today the National average is 4.1 offers per home for sale. Tobin's note---I am seeing 6+ written offers. Low inventory of homes for sale is reason for bidding wars.
See chart below---by Zip Code and Corresponding City
The 74 zip codes/communities in MARYLAND saw a 5.6% increase in home sale median values in past 12 months, Median price of homes went UP from $355,000 to $375,000. WOW!
See chart below. Sales are going down in Maryland due to low inventory of homes for sale.
See chart below. Median price of homes in Maryland rose by 5.6% in past 12 months. Homes are staying on market for 7 days. This a a 72% drop in number of days in past 12 months.
Website dedicated to Veterans, Active Military and their Families. Valuable information about Home Ownership---BUYING a Home and SELLING a house. In the Northern Virginia, Maryland and Washington DC areas.
New SPRING edition. See below. 24-page FREE booklet on important things to consider when BUYING a home. Click here to download pdf 24-page booklet. Download is safe.
New SPRING edition. See below. 20-page FREE booklet on important things to consider when SELLING a house. Click here to download pdf 20-page booklet. Download is safe.
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES LLC is Veteran Owned and Operated.
Voted Top 8% of all Real Estate Agents in USA (2021 - 2018)