Is this the right time to sell my Frederick home?
The slide presentation explains the market trends in Frederick Md this spring of 2014. In many ways the market has seen a recovery. Many sellers have been unable to sell because of lack of equity, and are waiting for some appreciation to allow them to sell. This “pent-up” market may take some time to see the amount of appreciation needed. Could Spring 2014 be the right time to sell?
Spring 2014 Market Trends
The real estate market in Frederick Maryland has turned the corner. After a year of price improvements and increased sales, the Spring of 2014 is turning out to be a seller’s market. With inventory still very low, and increased demand, sellers can be assured that their house will likely sell… given it is in good condition and the price is in the correct range. Whether a seller will get a price close to what they hope to get depends on what they are hoping. The market is recovering; at this time we are seeing values in many neighborhoods increasing over last year. The increase is between 5% and 10%, depending on many factors, like the neighborhood, the price range, and the comparative activity. Even in a small market like Frederick Maryland, different neighborhoods have different market trends. The only way to really understand what your home is worth is to have a Comparative Market Analysis. Contact Chris Highland for a free comparative market analysis