IS A BUYERS MARKET COMING TO MARYLAND

Dated: 10/04/2018

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On a National Level: real estate market indicates home sales and values are appreciating at a slower pace as well as there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market, on a National Level, after sellers have had the upper hand for the past several years. Is this really happening?   Although the market isn't as cut throat, we are a long way from a market that totally favors the purchaser: 

Dr. Svenja Gudell, Zillow Chief Economist:

“These seller challenges don’t indicate we’re suddenly in a buyers’ market – we don’t expect market conditions to shift decidedly in favor of buyers until 2020 or later. But buyers certainly are starting to balk at the rapid rise in prices and home values are starting to grow at a less frenetic pace.”


Danielle Hale, Chief Economist of realtor.com:

"The signs are pointing to a market that’s shifting toward buyers. But, in most places, we’re still a long way from a full reversal.” 

Furthermore, Pulsenomics Inc. recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:

“When do you expect U.S. housing market conditions to shift decidedly in favor of homebuyers?”


Only 5% said the market has already shifted. 

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Bottom Line:

The market is beginning to NORMALIZE but that doesn’t mean we will quickly shift to a market favoring the buyer. We believe Ivy Zelman, author of the well-respected ‘Z’ Report, best explained the current confusion:

“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory…we expect significant debate about whether this is a bullish or bearish sign.

In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”


Regardless how or when the market shifts, Team Caropreso is always here to answer all of your Real Estate questions.  

Call Today for a FREE consultation!

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Vince Caropreso

Being the CEO and Team Leader of Team Caropreso, Vince specializes in Listings, Marketing, REO/Foreclosures,Short Sales and working with Investors. With 19 years of experience and selling over 700 hom....

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