In some neighborhoods, in some price ranges, the real estate market is robust. Sales are up and inventory is low. Prices are creeping up as demand goes up. The Highland Group sold a Damascus Maryland townhouse in two days recently!
Damascus Md Townhouse – Sold in 2 Days!
A 2 bedroom, 2 bath townhouse in the Damascus Valley Park neighborhood went under contract after being on the market for two days. The list price for the townhome was $195,000 and it closed at $200,000 with $6,000.00 toward closing costs. There were multiple offers. This traditional sale only took a total of 37 days from listing to settlement!
The buyers were thrilled with how seamless the entire process was, and the sellers, who have been long-time, repeat clients of the Highland Group, were once again pleased with the service and professional marketing that accompanied their home sale.
Transitioning Real Estate Market
The Montgomery County and Frederick County real estate market is undergoing a transition. More homeowners are seeing their property values start to increase, even if slightly. Homeowners who were once in the red, with negative property values, once considering a potential short sale situation, may soon be able to see black again. As inventory is still very low, but demand is on the rise, we’re seeing multiple offers and healthy increases in sales prices. The real estate market is truly on an upward path.