Inventory for Crofton, Odenton, Gambrills at 5-Year Low

ip_btn3The start of a new year provides a great opportunity to step back and evaluate the key criteria that could predict how the real estate market will perform in the upcoming year. As we sit in the first couple weeks of 2013 looking back at the last 5 years, we are looking at inventory levels at their absolute lowest point (Based on All Home Types Since December 2007) for all of Crofton, Odenton and Gambrills. Let’s look at the data.

CROFTON DATA:
This first graph captures the tally of homes actively for sale in Crofton, broken down by All Homes and more specifically Detached or Single Family homes.

Click Here For a List of All Homes Listed for Sale in Crofton

Click Here for a List of Detached, or Single Family Homes in Crofton

ODENTON DATA:
The graph below shows the number of homes actively for sale in Odenton, broken down by All Homes and more specifically Detached or Single Family homes.

Click Here For a List of All Homes Listed for Sale in Odenton

Click Here For a List of Detached, or Single Family Homes in Odenton

GAMBRILLS DATA:
This final graph shows the number of homes actively for sale in Gambrills, broken down by All Homes and more specifically Detached or Single Family homes.

Click Here For a List of All Homes Listed for Sale in Gambrills

Click Here For a List of Detached, or Single Family Homes in Gambrills

While the factor of lowerd supply is a benefit to home sellers, and moves the market into a more balanced positiion than the buyer market we have seen over the past 4 years, it doesn’t shift directly into a sellers market. Another factor at play that is difficult if not impossible to quantify is the level of “potential inventory”. By this we mean homeowners who would like to sell, but are not currently on the market, so not counted in the data supplied. This may reflect homeowners who have tried to sell in the recent past but could not and so either rented their homes or stayed where they were, or homeowners who held back and didnt list their homes for sale due to the buyers market, and once these homeowners sense a shift in the market we may see an increase in the available homes, and thus bring these figures more into balance
We’d love to hear your feedback, what do you think this data means? Is it a good time to sell? Is it a good time to buy?

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