ERA Martin Associates | Real Estate Salisbury, MD
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That depends on several factors. Housing prices varying depending on local market conditions that include: the number of homes currently on the market, prices of recently sold homes, number of foreclosed homes on the market, and many other factors. Bottom line, no matter how beautiful your home may be, your home will be compared to other homes for sale in the market at any given time to determine its value.
To properly understand the value of your home and a potential price for a home sale, you will want to examine the record of home sales in your neighborhood over the past several months. It may sound daunting but your ERA Real Estate agent is here to help and can provide you with a Comparative Market Analysis (CMA).
The CMA will provide data regarding recent home sales (size, price and number of days on the market) as well as information about homes that have not yet sold. It allows you to view trends and other critical information that can be beneficial as you determine the value of your home and set a competitive price.