A Perfect Storm Forming for Sellers: Only 3 Homes For Sale Right Now in Rodgers Forge!!

I have never seen this happen for as long as I have been tracking sales in the neighborhood. There are only 3 homes for sale and 14 under contract, most of which were sold in way less than 30 days. This indicates a very, very strong market for sellers. With inventories this low and interest rates still under 4%, it looks like the housing recovery is here to stay. We still have a volume of foreclosures to hit the market this year in the Baltimore region, but it doesn't seem to be affecting Rodgers Forge at all.
Rodgers Forge homes that are in great shape with 3 bedrooms, 2 bathrooms and an open kitchen can usually command prices over $300K. If it is an End-of-Group than prices can be as high as $325K or so.
A "Perfect Storm" scenario such as this raises the tide for all boats in a neighborhood like ours. If there was EVER a good time to put your house on the market (even though August is usually the worst month for activity), now is the time.

We've enjoyed some really hot days here in Baltimore this summer, and we've had some equally hot days in the Forge housing market - two houses sold the same day they were listed! Overall, almost half of the houses listed are selling in under 30 days. Inventory continues to be way lower than last year indicating that sales are robust. I cannot remember the last time there were only 6 houses for sale in the Forge! Interest rates are still cruising at all-time lows --3.5% or lower (a decrease from 4% last month). Rentals are filling quickly. Enjoy the rest of your summer and call me with any real estate questions or send me a comment.
6 Homes Currently For Sale:
2 -3bdrms, 2bath: $289.9K-$439K
3 -3bdrms, 1 full bath: $274.9K-$289,9K
3 Rodgers Choice Currently For Sale
2 - 3bdrms, 2bath,: $405K-$429,9K
1 Rodgers Forge Condo (2 bedroom)
1 - 2 bdrm, 2 bath: $190K
10 Homes Under Contract
4 -3bdrms, 2 bath: $275K-$339,9K
6 -3bdrms, 1 bath: $200K-$274,8K
10 Homes Have Been Sold Since June 1
5 - 3bdrms, 2 bath: $180K-$307K
3 - 3bdrms, 1 bath: $235K-$270K
1 - 4bdroms, 2 bath: $325K
1 - 4bdroms, 3 bath: $322,5K
1 Home in Rodgers Choice Has Sold Since June 1
1 - 3bdrms, 2 bath, 2 half: $390K

Of the 10 homes under contract 4 sold in less than 30 days, and 6 sold in less than 60 days.