For those living in the Washington DC metro area, there has been an almost 5 percent increase in home prices since 2009 on average across the region, while the rest of the country continues to see price declines. The months supply of homes in most close-in counties and DC is hovering between 3.5 to 5 months. Anything below a 6 month supply is historically a Seller’s market.

The inventory trend of existing fee simple homes in Prince George’s County is declining. 

This translates to a 4.8 month inventory supply of homes. The market is gradually normalizing. Tighter inventories always lead to future price increases as demand begins to outpace supply. Historically, a balanced market is a 6 month supply of homes. Anything greater than 6 months is a Buyer’s market. Anything less, is a Seller’s market.

Nationally, the supply of for sale homes is returning now to 2005 levels. See graph from Calculated Risk. While there is still a shadow inventory of foreclosures and short sales, the trend is a diminishing supply of homes and a reduction of inventory. In addition, the supply of new homes is now less than any amount since 1963, when records began to be kept.

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First Four Lots have been released! Call Jeff Cohen for more details 240-304-0815

Phase II at Arya Drive

We are very close to releasing the 1st four 1-2 acre lots in Phase II at Piscataway Landing. If you would like to request any additional information please contact Jeff at 240-304-0815 or like us on our facebook page where we post all of our exclusive updates.

Currently we are clearing, and building the Stormwater Management facilities. Haverford Homes will keep you updated on the status of Phase II development with video updates frequently. Stay tuned and like us on facebook to be the first to see instant updates and new specials.

How many of you have been in a situation where you get upset and disappointed after  you lose the home of their dreams because the banks will not cooperate?

Sure that distressed property is a fantastic deal if you consider the $150,000 in cash outlays after you move in. Maybe a few title issues that could result in legal headaches, or perhaps the past owners were kind enough to flood the basement which has caused mold to grow as a result.

Enjoy the bank headaches, title issues, and cash outlays that come with this fantastic deal!

Many of you are focusing tirelessly for the home of your dreams sifting through short sales and foreclosures, driving around spending exorbitant amounts in gas, to only lose the deal at the end of the process. It’s just not a good use of your time.

We are here to solve all those problems. At Haverford Homes, we have houses ready for immediate delivery to make your lives much easier.

We have the ability to review contracts in 24 hours. While many builders are stripping their homes to curtail cost, we use only the best materials which will provide you with the highest value. Our standards are often options with our competition.

Do not risk perhaps your biggest investment on a home that comes with unavoidable headaches. Make your next outing to a  Haverford Inventory Home, where you will love the experience, customer service, and certainly no unforeseen challenges that you’ve experienced when searching for that short sale or foreclosure.