Update on the GMA house

Well, it still has not sold. But the neighbor's did for $295,000 in 3 days. They are looking to rent now at $2,500...that still doesn't match up. Doesn't seem to be a $2,500 rent neighborhood to me...Sounds like some Seller Denial to me... Price is king in this era.

Here is the Frederick County Housing Report

You can find Washington County and others stats about the market here

Different day...same ole story

It's been a while, I know... Not much has changed in the market lately. We are still battling long days on market and high inventories. Interest rates have actually dropped over the last few months. Encouraging but not enough to bring the buyers out of hiding. You know its bad when GMA's real estate challenge.. "How to Sell your House in One Week" can't sell. They staged the house, priced it aggressively and prepared for an Open House. Now let's see what is different here for us normal realtors... National coverage, they had a radio station promoting it at the house, they had 80 people thru the house and only 3 were "interested" buyers... And they couldn't sell!!! Even they were lost for words. This is the reality of the market... slow. (or just slower, much slower, than we have been used to) This is is considered a normal market... at least that is what I keep telling myself. Now on to the numbers... take a look at the numbers from the past...not much change.

Total active homes in Frederick County.... 1896
New in the last 2 days.........60
Under contract last 7 days....71


Total active homes in Washington Cty.....1237
New in the last 2 days........23
Under contract last 7 days...20