Annapolis Homes for Sale High Season: Better Late than Never
DAVIDSONVILLE, ANNAPOLIS, EDGEWATER, ARNOLD AND SEVERNA PARK REAL ESTATE
The Covid-19 pandemic may have thrown a monkey wrench into many a local resident’s summer plans—but none more thoroughly than those who had been waiting to put their Annapolis homes up for sale. It’s a common strategy to hold off listing until real estate’s ‘Busy Season’—the time of year when more homes are put on the market, attracting hordes of prospective buyers. That’s what happens in a normal year—but you know what came instead. This year, beginning in March, real estate’s high Season was thoroughly disrupted by restrictions on showings—not to mention the psychological effect of the accompanying forced recession. With everything thrown into such chaos, many homeowners decided it was no time to risk putting their own Annapolis homes for sale. You might think that 2020 would forever be known as The Year With No High Season. But it looks like this topsy-turvy year is dishing up another surprise. As real estate’s insider news source housingwire.com spelled out last week, the pandemic appears to have “pushed the bulk of home-buying this year into the summer months.” Real estate agents “are busier than ever.” The lead story’s headline proposed “August is the new May” where residential sales are concerned—making it likely “to keep agents busy into the fall.” It quoted the National Association of Realtors® reports that contract signings have kicked off “strong” this month—with properties selling within 26 days in the four weeks leading up to August 2. For local homeowners now beginning to feel less disoriented by the adjustments everyone has had to make, there is now ample evidence that worries about missing the traditional busy Season are misplaced. “The season” has just skipped a few months. It seems to just be getting started—and with many parts of the nation reporting low inventories sparking an upsurge in asking prices (and growing numbers of bidding wars), this could be one for the record books. If your own selling plans have been temporarily derailed by the pandemic, it’s prime time to reassess. Call me to get started!
DEBORAH LAGGINI, Long and Foster Real Estate, Annapolis, MD 21403
REALTOR, Annapolis, Davidsonville, Edgewater, and Surrounding Communities