Where are we headed?

As I start this new blog, my intention is to bring information about the market, trends in the market and ideas about how to navigate the market to my clients and the consumer in general. As a relatively new agent in the market, with a considerable amount of knowledge about the area, I feel like I can bring a unique perspective to everyone and maybe provide a little guidance so that buying a home doesn’t have to be so stressful.

Marylands Eastern Shore sits in a unique spot both economically and also physically. These elements make the housing market continue to struggle with inventory, while seeing median home prices continue to increase, despite the US inflation and recession fears. This is easily explained by the industries that the area serves, most of which survive economic down turns because of their business. Consider Salisbury University, which continues to see strong growth in numbers, or Tidalheath which provides medical care on all fronts to an aging population. Both of these employers bring all levels of housing buyer to the area, and likely retains them for many years. Perdue, Tyson, Mountaire and the other poultry producers that continue to have a footprint on the shore and also employ thousands of people at all levels that require housing in the area. You can start to see why we have such a strong market here and why housing inventory continues to be a struggle, and I haven’t even mentioned the second home market.

Low inventory, strong market and the space to build all make for inflated pricing and a continued sellers market are here to stay and this is way having the right agent with the knowledge of the market is paramount in the home buying or selling process. Continue to follow my blog for next steps in how we navigate this market and why it’s likely not to change.