Tuesday, May 1, 2012

Homes are selling in Potomac, MD and in Montgomery County, Maryland at an alarming rate! Inventory is low. Need owners to list their homes for sale.

From this morning's sales meeting, I learned that the market absorption rate for Potomac, MD currently is 1.74 months. As a whole, in Montgomery County, Maryland, the current absorption rate is 2.26 months. Absorption rate in its simplest terms means the rate/time it would take to sell all the homes on the market if no more homes were listed. In Potomac it would take 1.74 months and in Montgomery County, Maryland it would take 2.26 months. Sounds like a seller's market to me! If you are thinking of selling, their are buyers out there, but not enough inventory. Due to the low inventory we are seeing many multiple offers locally. It's time we talked about the market and how I can make your home dreams come true and I always appreciate your referrals. Life is good! Adam Call: (301)943-4370 (301)718-4100 adambashein@mris.com www.basheinhomes.info Adam Bashein Licensed in MD & DC Weichert Realtors

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