Well, the inventory pinch that we were feeling (and blogging about) has officially been proven, statistically, to be the lowest inventory we have seen in Piney Orchard since 2013.  We're certainly on the rebound now, but I just don't think the inventory of homes can catch up to buyer demand for this Summer Season.

Tying right in to low inventory, we had the lowest amount of closings in Piney Orchard since 2014.

Interesting note for those Piney Orchard home sellers who got their homes on the market early this year.  You can officially give yourself a pat on the back as you rode the high end of this little micro-real estate blip!  Because of the low inventory, home prices went up.  Homeowners who listed their home for sale just a couple of weeks later saw days on
market climb.
 

The bottom line is that we continue with a healthy and seller friendly market. 


If you're thinking of selling or buying a home, give us a call or visit us on-line at www.PineyOrchardHomes. We've got our finger on the pulse of Piney Orchard real estate in Odenton MD.