Joe Buffington, GRI, CDPE

Here is the Clarksburg Area supply and demand chart for July 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

July saw steady absorption. However the low number of homes available for sale (37% lower than July 2008) has slightly slowed the market activity. What does that mean? If you were thinking of selling, now might be the opportunity. This has pushed the average price in Clarksburg from March 09 $401k to July 09 $425k.

The housing stimulus credit of $8000 has really moved the market in a positive direction. Things have really picked up in Clarksburg. Our office specializes in New Home sales. We have seen a major spike in new home sales which in turn has helped the existing home sales as well. We have also added several CDPEs. These are Certified Distressed Property Experts. These are great agents who have added a higher level of training to be able to navigate short sales and foreclosures for their clients.

Absorption Rates:

July 2009 10.5% absorption rate

July 2008 13.2% absorption rate

July 2007 7.7% absorption rate

Here is the Clarksburg supply and demand chart for June 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

June was a break out month. The housing stimulus credit of $8000 has really moved the market in a positive direction. Things have really picked up in Clarksburg. Our office specializes in New Home sales. We have seen a major spike in new home sales which in turn has helped the existing home sales as well. We have also added several CDPEs. These are Certified Distressed Property Experts. These are great agents who have added a higher level of training to be able to navigate short sales and foreclosures for their clients.

Absorption Rates:

June 2009 14.7% absorption rate

June 2008 10.9% absorption rate

June 2007 4.6% absorption rate

Here is the Clarksburg supply and demand chart for April 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

Things have really picked up in Clarksburg. Our office specializes in New Home sales. We have seen a major spike in new home sales which in turn has helped the existing home sales as well. We have also added several CDPEs. These are Certified Distressed Property Experts. These are great agents who have added a higher level of training to be able to navigate short sales and foreclosures for their clients.

Absorption Rates:

April 2009 6.3% absorption rate

April 2008 6.8% absorption rate

April 2007 5.1% absorption rate

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for April 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

Our office has added several CDPEs. These are Certified Distressed Property Experts. They are great agents who can help their clients navigate short sales and foreclosures.

Absorption Rates:

April 2009 9.4% absorption rate

April 2008 16.1.4% absorption rate

April 2007 17% absorption rate

Olney Days is coming May 16-18, 2008. There is a bike ride, contests, bands, fireworks, Mr. and Mrs. Olney crowing, classic car show, parade, and hot air Balloon Rides from RE/MAX Realty Centre. Go to http://www.goca.org/ to get the most up to date schedule. The fireworks on Saturday night are great. Most of the events are held at Olney Regional Park. Come early, stay late.

It is truly one of the best small town events in the county. If you are interested in volunteering please Helene Rosenhiem know.