18 August 2008

During the past Three weeks I have seen a dramatic increase in activity in our market area. The range between $330,000.00 and 450,000.00 seems the most active, and properties exceeding $1,000,000.00 are seeing action also. I have been promoting that this is the best time to buy for the past month. The reason I feel this is the best time is because the Inventory on the market has finally reduced and interest rates are starting to move in the up direction. These indicators usually identify the market coming off its bottom. The Maryland Realtors will meet in convention early September, and current market direction information will be delivered for the entire state. I will be posting that information at that time.