Vince Carchedi of Coldwell Banker Realty

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The Martin Home Group of Coldwell Banker Realty

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5 bed Annapolis home for sale: 15 Eastern Avenue, Annapolis, MD 21403 For sale: 5 bed, 7 bath, 9,014 SQFT house. Nantucket meets Newport in this elegant, waterfront, Eastport home... $9,975,000.

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MLS#MDBC2064620: 13513 Long Green Pike, Baldwin, MD 21013 For sale: 4 bed, 2 bath, 1,964 SQFT house. White picket fence dreamhouse! Built in 1917, this charming farmhouse is ready for you to call it home... $399,000.

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3 bed Annapolis home for sale: 1342 Hazel Nut Court, Annapolis, MD 21409 For sale: 3 bed, 3 bath, 1,496 SQFT Townhouse. This updated 3 BR... $359,900.

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Market snapshots March-April 2023

"Those who classify today’s housing market as one that favors buyers may need to rethink that statement. While it isn’t quite the 43% and 48% of homes that sold above their original list price in February 2021 and 2022, respectively, a decent number of sellers still have the upper hand — and they are getting paid for it.

In February 2023, 31% of homes sold in the Mid-Atlantic region received a price greater than their original list price. And an additional 2% of sellers sold at their asking price.

Competition hasn’t fallen to typical pre-pandemic figures in the Mid-Atlantic region. In February 2018 and 2019, only 18% of closed sales received more than the original listing price.

This is likely due in part to the restricted inventory levels of the current market. There were just 26,311 active listings in the region as of February 2023. In February 2018 and 2019, active listings topped 60,000 — more than double the current inventory level.

Some areas have more properties that close above their list price than the region as a whole. In the Baltimore metro, 36.8% of homes received over asking price, while in the Central PA metro, 36.1% did.

Meanwhile, Del Mar Coastal sellers may not have as much leverage as their metro peers. Still, 18.0% of homes there garnered a sale price higher than their list."

-Erica Plemmons Bright MLS senior Economist

A top agent and his assistants

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2023 Housing Outlook 🏡🔍
"The Mid-Atlantic housing market cooled considerably during the second half of 2022. Rising mortgage rates and economic uncertainties have caused both buyers and sellers to pull back, resulting in a significant contraction in housing market activity in the third and fourth quarters of this year. The market is poised to continue its transition throughout 2023. However, the major metro area housing markets in the Mid-Atlantic are in a better position to fend off a major market correction than many other U.S. regions."
Lisa Sturtevant, PhD, Chief Economist at Bright MLS

Click the link to view the full report
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Your current market snapshot by county. Questions about your local market or your home? Thinking of buying or selling? Reach out today for a no-obligation consultation 📲

1026 Pier Pointe Lndg #106, Baltimore, MD 21230 - MLS MDBA2065480 - Coldwell Banker For Sale - 1026 Pier Pointe Lndg #106, Baltimore, MD - $639,990. View details, map and photos of this townhouse property with 3 bedrooms and 4 total baths. MLS # MDBA2065480.

What's the current market doing?
Click below to take a look at the market snapshots to see real estate statistics in your area.

With interest rates rising to around 7%, homes are generally staying on the market longer and inventory is increasing. Home prices have taken a slight dip over the past 3 months.

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What's the real estate market doing? Homes are staying on the market longer, inventory has increased. Let's look at the numbers Vince Carchedi Your #1 source for Maryland real estate Local Market Stats Search Properties Featured Listings

A rooftop deck with views of the Inner Harbor, 2 car garage, gourmet kitchen and more. Check out this weeks featured listing!
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Featured Listing Rooftop deck with harbor views, 2 car garage, gourmet kitchen and more Vince Carchedi Your #1 source for Maryland real estate Local Market Stats Search Properties Featured Listings Sell Your Home Feat

Buy a home AND eliminate student debt. Seems too good to be true, right? It's not! The Maryland Mortgage Program offers a program called Smart Buy 3.0 which allows a Maryland first time homebuyer to eliminate up to $50k in student debt! Click the link below to see how it works and what the basic qualifications are.
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Buy a Home & Eliminate Student Debt Seems too good to be true right? It's not! Smart Buy 3.0 Vince Carchedi Your #1 source for Maryland real estate Local Market Stats Search Properties Featured Listings Sell Your Home Buy A Home & Pay O

The market is starting to shift. Prices is some areas have began to cool off while inventory has started to inch up. Overall it's still a sellers market. However, increased interest rates have lead to these signs of the market shifting. 📈
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Market Shift? Here's how the real estate market is starting to shift Vince Carchedi Your #1 source for Maryland real estate Local Market Stats Search Properties Featured Listings Sell Your Home The market is starti

This week's featured listing is a 5 bed 3.5 bath home in Perry Hall, MD. Click the link for more pictures and info 🏡
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Featured Listing 5 bed 3.5 bath in Perry Hall MD Vince Carchedi Your #1 source for Maryland real estate Local Market Stats Search Properties Featured Listings Sell Your Home This week's featured listing is 9407 Harcre