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Deep Creek Lake Real Estate Market Update | September 2018

The month of August generally stayed on trend for 2018. Closed Sales were down for the month. Pending Sales were up, though, which shows that buyers were still active. New Listings were up compared to the 5-year average of August. With such low inventory, it’s not surprising to see a slight increase in new listings, even this late in the season. Average Days on Market continues to creep downwards, too. The lower inventory is also most likely the reason lot sales have increased from last year. The fall real estate market usually sees more pending and closed sales than new listings. Sellers often consider price reductions to help move their property before end of year. Buyer activity and traffic around the area will remain high through mid-October, and pick back up around Thanksgiving. Fall is a great time to buy or sell!!

Buyers, fall is a great time to score a good deal! Sellers become more motivated to move their homes during the fall months. There is also less buyer competition during the fall season. That being said, unique and well priced homes will not last. Fall is also when many homeowners begin listing their ski-oriented homes. Your agent can help you stay on top of price reductions, new listings, and hidden gems! Click here to browse current inventory by location!

Sellers, we can help you sell your home before the new year! Buyers are still actively searching in all sectors of our area and market. As more homes go under contract or are pulled from the market, your property will have an excellent opportunity to stand out. Our agents are experienced area experts - let their knowledge work for you! Fill out this form for a free Comparative Market Analysis of your property or call us seven days a week at 301-387-2000!

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