The South Baltimore Real Estate Market in Review

Sponsored Post by:  Murphy Washo Gunsiorowski & Associates of Berkshire Hathaway PenFed Realty

Real estate can be a tricky industry to master, to say the least. An abundance of detail goes into analyzing the market. When the time is right for your family, is it in sync with the best time in the Real Estate market? Some clients may be hesitant to jump into Real Estate, because it can demonstrate a reputation of being overwhelming and intimidating. Working with Murphy Washo Gunsiorowski & Associates, we always give our clients our best and help them make their Real Estate goals, a reality.

2015 was an outstanding year for our team.  We helped over 144 clients (buyers and sellers) achieve their Real Estate needs and accumulated over $56,500,000 in sales volume. Increased by $9,879,525 from 2014, our team knows how to find our clients the best deal.

Are you on the fence about buying or selling for the upcoming year? As we move into the New Year, some things to consider are; more homes will hit the market, this gives buyers more options and choices. It also will prompt more owners to list their homes. Rental rates continue to rise.” In the last 12 months, 88% of property managers have raised their rent prices. And there is no sign of that stopping- given that 68% of property managers predict their rental rates will rise again in 2016” according to Housingwire.  “Not only is the rental market hot, but overall purchase demand may lift 2016 home sales to the best year since 2007!” explains Michael Gerrity of World Property Journal. Take a look at the table below to evaluate this past year’s market.

Stats for Zip Code 21230

Interest rates continue to maintain all-time lows, making the home buying process more affordable. There are clear mortgage terms. First-time homebuyers will greatly benefit because it will ensure there are no surprised or hidden fees that arise come closing. According to the National Association of Realtors (NAR), millennials are the largest population of buyers for the second consecutive year. Millennials are remaining cautious, while still wanting to get their feet in the water with the housing market. Our team specializes in first time home buyers, re-location, and more.

From developing new gated Townhome communities such as The Enclave of Federal Hill to working with renovated city homes, and CHAP houses, we have the experience to help you find just what you’re looking for! We’d love to exemplify our expertise and showcase our proven success. When thinking about buying or selling, be sure to get in contact with your local Realtors, Murphy Washo Gunsiorowski & Associates.

via http://southbmore.com/2016/01/19/the-south-baltimore-real-estate-market-in-review/