MILESTONE M I D -Y E A R R E V I E W
Average Sale Price increased
68.6%
since 2021!
Now is a great time to consider listing your home and taking advantage of the upward trends while they last! Data based on listings from BRIGHT MLS from January 1st to June 30th, 2021 and 2022. Information deemed accurate but not guaranteed.
757,167
$
AVERAGE SOLD PRICE
Low: $629,000 | High: $860,000 68.6% Increase over 2021
104.4%
AVERAGE SOLD PRICE/ LIST PRICE RATIO
Low: 96.7% | High: 110.1% 2.2% Decrease from 2021
193
$
AVERAGE PRICE PER SQUARE FOOT
Leonardo and Angelica, Your Milestone community continues to perform well, with minor changes in many key market indicators. With current inventory pointing to a seller’s market, you need a Milestone specialist with the marketing and negotiation skills needed to help you achieve the best possible price. If you are thinking about selling, contact me today at 301.370.6005.
Low: $170 | High: $219 27.0% Increase over 2021
17
AVERAGE DAYS ON MARKET
Low: 3 | High: 71 70.0% Increase over 2021
EXCEPTIONAL SERVICES WITH RUSS GELSTON, YOUR MILESTONE REAL ESTATE EXPERT | 301.370.6005
WHAT A READJUSTING MARKET MEANS FOR YOU Headlines report current market conditions that may leave you with more questions than answers. The past two years were record-breaking in nearly every way. Record-low mortgage rates, an influx of buyers, sellers waiting to list, and years of under-building created the most unique market. This combination led to record-high demand and record-low supply, but wouldn’t be sustainable long term.
HOME SHOWINGS 2019 gave a good baseline of pre-pandemic levels. Showings skyrocketed during the pandemic, and while current demand has begun to moderate slightly, showings are still above 2019 and 2020 levels.
EXISTING HOME SALES
THE EXPERTS SAY IT BEST
THE MARKET ISN’T CRASHING
Perspective is everything! While headlines are talking about sales declining, the market is on pace to close this year with more sales than 2019 and surpassing 2020.
“Today’s housing market looks a lot like the 2019 housing market, which was the strongest housing market in a decade at the time.”
It’s a turning point that’s moving back toward more pre-pandemic levels.
~ First American
PREPARED ESPECIALLY FOR LEONARDO AND ANGELICA WASHINGTON
Russ Gelston
REALTOR®, Associate Broker MD & VA Property Manager RE/MAX Realty Group The Wineman Team
301.370.6005
Office Phone: 301.258.7757 WinemanTeam@gmail.com www.RealEstateSold.net www.RussSellsMilestone.com Each Office Independently Owned and Operated.
This postcard is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. E&OE covered. Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2022
The real estate market is changing – if you’ve thought about making a change and moving into your next dream home, call me today at 301.370.6005, and let’s discuss your options!
RE/MAX Realty Group 6 Montgomery Village Ave., Suite 200 Gaithersburg, MD 20879