Real estate around the nation has experienced a positive trend in the last year. Homes are selling more quickly and for more money than they were in the past.
What does that mean for Frederick County?
It means now is the time to sell!
3 Things to Know About the Frederick County Real Estate Market
Frederick County homes are selling more quickly.
In 2016, the average days on market was 72 days. That number experienced quite the drop in 2017 with the average days on market decreasing 23.6% to 55. That means buyers are shopping and ready to buy. Homes that are priced right and move-in ready are going to benefit from this.
Thanks to the Troyce Gatewood Difference, homes staged, marketed, and listed by Trocye Gatewood & Partners sell in an average of 13 days. That is 42 days less than the area average! At the start of 2018, we have even blown our own average out of the water. Homes we’ve listed this year have, on average, only been on the market for 5 days before going under contract.
Frederick County homes are selling at higher prices.
The home market is not only moving more quickly, but selling at higher prices. In 2016, the median home sale price in Frederick County was $282,100. In 2017, that number increased over six percent to, $301,402. With the influx of new construction and eager buyers, we anticipate that 2018 will see even higher median sale prices across the county and surrounding areas.
Frederick County sellers need to make their homes stand out.
With the positive market trends, people are eager to take advantage and sell their homes while the market is hot. And buyers have gotten more informed and more discerning. Not as many people are looking for fixer uppers –they want ready to live in homes they can begin to enjoy immediately. If you want your home to stand out among the new builds and the other sellers, it’s important that you make an effort to present a superior product to your potential buyers.
You want to catch your buyer the moment they pull into your driveway and you want them to leave knowing they have found the home for themselves. Troyce Gatewood specializes in creating that stellar product for her sellers. With our knowledge and support staff of trained experts, we can help your home be the diamond in the rough.
Click here to learn how much your home is worth: Home Valuation Report