Real Estate Market Demand in Olney MD During COVID19 Pandemic.
REAL ESTATE MARKET DURING PANDEMIC: BUYERS ARE GRATEFUL AND SELLER GOALS ARE BEING MET IN OLNEY, MD!
To those hesitant about entering the market now locally, let me explain the facts that are indicative of HIGH demand. During this pandemic, in Olney and Brookeville MD alone, as of one month ago exactly, real estate sales of Single Family Homes continue and buyers are still doing business - more virtually then ever.
Since March 11th, 21 Homes have sold and settled at an average list to sales price ratio of 100.68% Meaning full price offers on average signaling buyers are grateful to sellers who are selling! In addition, 20 home sellers (Single Family Homes) have accepted offers from buyers and are waiting to settle.
Active Supply includes 19 plus 5 coming soon. 8 properties went temporarily off market most likely waiting to go active again. Of the 19 still actives, 4 sellers have reduced price.
Whether Buying or Selling, keeping everyone safe from this virus is a priority for everyone. Tools for video chat and tours are available.
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