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How’s the Market?

How’s the Market at the Maryland and Delaware Beaches?

Now that we have officially entered into the spring market, what’s happening with beach real estate?

Inventory has seen an increase compared to February and March, which is typical for our market. The other market indicators have remained steady, with days on market, the average sold price, and the sale ratio all remaining at similar levels as in previous months. What does this mean? It means that while the number of properties to come onto the market has increased, buyer demand has also increased to match it, keeping our market rather stable.

A common question we hear right now is “Are properties flying off the market?”. The answer isn’t a straightforward one. If a property has a good location, good condition, and is priced well, then it will leave the market within a matter of days. If any of those factors aren’t in alignment with buyer expectations, then the property will sit.

What does that mean for sellers in this market? It means that there are still fantastic opportunities to sell your property for top value in a short amount of time, but you need to consult with a top real estate professional to ensure you’re positioning your property correctly in this market.

What does that mean for buyers in this market? It means that you may have more options to choose from when shopping and a bit more breathing room when making decisions, but you still need to be prepared to act quickly in this market as the highly desirable properties are not lasting long. Again, consulting with your real estate professional will help you get your strategy together to maximize your opportunities in this market.

Whether you’re selling or buying, give us a call today to discuss your strategy and how we can best help you in this market. (302) 236-1456

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I found both Rhonda and Bethany to be very professional in their approach to finding our perfect beach house. They were good listeners and provided excellent advice throughout the process. They have my recommendation.
Joe and Vicki M.