Why is Southern Maryland’s Housing Inventory So Low?

Kimberly Bean
Published on May 10, 2017

Why is Southern Maryland’s Housing Inventory So Low?

If you follow me on Facebook (and you should!), and you’ve probably heard me say it over and over again: Inventory in Southern Maryland is low. There just aren’t enough homes on the market for the buyers who want to buy!

If you’re a seller, this is great news. The lack of available homes is pushing up prices on the homes that are on the market. If you’re a buyer, you may wonder if you’ll ever find a home you love.

This trend is not just happening in Southern Maryland; it is true across the country. But why? And why now?

HousingWire.com offers four reasons to explain why inventory remains low:

Fear of low inventory: That’s right! Fear of low inventory is causing … low inventory! It makes sense: If you want to sell your house, you may worry that it will be difficult to find a new home to buy. Because of this fear, lots of sellers are opting to stay put for now.

Mortgage rates: Mortgage rates are inching up, and homeowners with great rates may not want to give up their low interest rate.

Home prices: In some areas, home prices have not returned to their pre-housing crisis levels. Some homeowners cannot sell their home for the amount they owe on their loan.

Housing starts: Housing starts – the number of new residential home projects – are down, and they’re not growing at a rate that meets the demand for new homes.

Want to buy or sell? I can help you navigate this unique Southern Maryland real estate market. Contact me today!

Brandywine MD Homes for Sale and Real Estate Services in Southern Maryland. You now have a search engine to help you with your Southern Maryland home search! And I’m ready to provide you with a custom home valuation if you’re considering selling your home. Let’s connect to discuss how I can help you. Contact Kimberly Bean at 301-440-1309

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