🔑 Keys & Contracts Sunday Edition – May 11th, 2025

Happy Mother’s Day weekend! Whether you’re brunching, hanging out with the kids, or just enjoying the spring sunshine, this week’s edition has something for you: updated Maryland market trends, fresh advice for buyers and sellers, a quick look at what’s happening locally, and hyperlocal updates from five key counties.

---

📈 Maryland Market Pulse

Rates Watch:
📉 Mortgage rates held steady this week, hovering around 6.28% for a 30-year fixed. While not a dramatic drop, this stability is giving buyers more confidence as we head into the peak of the spring season.

Inventory Trending Up:
We’re seeing continued listing momentum, with new listings increasing another 4.2% this week. Anne Arundel, Calvert, and Prince George’s counties all saw notable gains. More homes = more opportunity—but competition is still strong for updated, move-in-ready properties.

Fast Movers:
Properties priced between $400K–$500K are still the hottest segment. Many are going under contract within 7–10 days, especially in areas near commuter routes or highly rated school zones.

---

🌍 Local Market Pulse

Anne Arundel County

Anne Arundel continues to perform as a seller-favored market. Listings are up slightly from April, but demand remains strong. The median sale price sits just over $500,000, with homes selling in under 10 days on average. Areas like Crofton and Severna Park are experiencing bidding wars for updated properties under $600K.

Calvert County

Calvert is seeing modest inventory gains, but supply is still tight. The median sale price is hovering around $455,000, with homes moving within 13–15 days on average. Buyers are gravitating toward rural properties with land, and waterfront homes are generating strong spring interest.

Prince George's County

The PG County market is starting to stabilize. Prices have plateaued slightly, but homes in good condition are still getting strong offers. The current median price is about $440,000, and average time on market is just under 20 days. Entry-level buyers remain active, especially near Metro-accessible neighborhoods.

Charles County

Charles County saw another small surge in new listings this week. Median prices remain stable around $455,000, and homes are averaging 16 days on market. Homes under $500K are seeing heavy activity. Sellers offering updated kitchens and flexible closing timelines are receiving the most interest.

St. Mary's County

St. Mary’s County remains a competitive but price-sensitive market. The average list price sits around $410,000, and homes are spending an average of 22 days on market. VA buyers and military families continue to drive demand near NAS Pax River, especially for homes with modern amenities and fenced yards.

---

🧼 Homeowner Tip of the Week: Prepare for Summer Utility Bills

The days are getting warmer—which means higher utility bills are on the horizon. Get ahead now by:

• Servicing your HVAC system (change filters, check coolant)

• Sealing drafty windows and doors to keep cool air inside

• Installing a programmable thermostat to better manage temps

• Shading west-facing windows with curtains or outdoor coverings

Little tweaks now can save you hundreds through July and August.

---

🔎 Real Estate Mythbuster

Myth: “I can’t compete unless I waive all contingencies.”
Truth: While some buyers still waive inspections or financing clauses, many are winning with smart terms instead of risky ones. Offer flexibility with closing dates, stronger earnest money, or pre-offer inspections instead. Protecting yourself doesn’t mean losing the deal.

---

🏡 Homebuyer Tip of the Week: Prioritize the Commute

It’s easy to fall in love with a house and overlook the drive. Before making an offer:

• Test your commute during rush hour

• Map alternate routes and nearby public transit options

• Factor in fuel or toll costs

The right house in the wrong location can lead to long-term frustration. Choose comfort and convenience.

---

🗺️ Local Spotlight: National Police Week (D.C. & Maryland)

May 12–18 is National Police Week, and the DMV hosts one of the largest commemorations in the country. Whether you're local or just visiting, here are events worth checking out:

• Candlelight Vigil – May 13 at the National Mall

• Memorial Service – May 15 at the U.S. Capitol

• Family activities and law enforcement expo throughout the week

Let’s take a moment to honor and support those who serve our communities.

---

💡 Ask a Realtor

Q: Can I still sell "as-is" in today’s market?
A: Absolutely—but pricing is key. "As-is" doesn’t mean buyers won’t negotiate. Homes that are clean, decluttered, and well-marketed can still get top dollar—even without repairs. Make sure your agent markets the home correctly and helps manage buyer expectations.

---

🗓️ Seller Tip of the Week: Highlight Outdoor Features

As temps rise, buyers are dreaming of grilling, gardening, and relaxing outside. Make your listing stand out by:

• Power washing decks, patios, and driveways

• Adding potted flowers or small planters

• Setting up outdoor furniture to show entertaining potential

Well-staged outdoor areas can boost perceived value and help homes sell faster.

---

🏁 Final Thought

The Maryland market is heating up—literally and figuratively. Whether you’re buying, selling, or just browsing, it pays to stay one step ahead. Let’s navigate the season with strategy and confidence.

See you next Sunday,

Sean Tavalozzi

Keller Williams

Danmar Properties

Cell: 203-233-8445

Email: Sean@Danmarprops.com

🗝️ Keys & Contracts Sunday Edition ~ Volume 3

Happy Sunday! This week, we’re blending market insights with homeowner tips, a local spotlight, and even a real estate MythBusters. Whether you're buying, selling, or just love staying in the know—this edition’s for you.

---

📊 Maryland Market Pulse

Rates Watch:
📉 As of this week, the average 30-year fixed mortgage rate in Maryland has dipped slightly to 6.29%. While that’s still above pandemic-era lows, it’s a welcome shift for buyers compared to the 7% peaks of 2024. For many, this modest drop can translate to $100–$150 in monthly savings on a typical mortgage. If you're already pre-approved, now's the time to speak with your lender again—it could affect your budget.

Inventory Boost:
New listings across Maryland rose 5.8% week-over-week, marking one of the first significant bumps in inventory this spring. Most of the increase came from Charles County (+11%) and Anne Arundel (+9%), offering buyers more choices as we head into the heart of the selling season. If you’ve been struggling to find a home that checks all your boxes, now is a good time to get back out there.

Fast Movers:
In Calvert and Charles counties, homes priced under $500,000 are selling in an average of 14 days or less, and many receive multiple offers. Entry-level inventory remains tight, so buyers in this price range should be pre-approved, flexible, and ready to act quickly when the right property hits the market.

---

🧼 Homeowner Tip of the Week: "The Spring Siding Check"

Maryland's pollen season is peaking, making this a perfect week to give your home's exterior some TLC. Power washing your vinyl siding can remove built-up pollen, mildew, and grime, which improves curb appeal and extends the life of your siding. While you're at it, do a quick inspection for cracks or damage caused by winter weather. Addressing small issues now can prevent expensive repairs later.

Also: take advantage of the mild weather to overseed patchy areas in your lawn. Spring rains help new grass germinate before summer heat sets in. It’s an easy weekend project that can significantly boost your curb appeal if you plan to sell this season.

---

🔍 Real Estate MythBusters

Myth: “I should wait until rates go back to 3% before I buy.”
Truth: The ultra-low rates of 2020–2021 were historically unprecedented and are unlikely to return anytime soon. While a lower rate sounds better, buying at a higher rate in a calmer market can save you thousands versus overpaying during a bidding war. You can always refinance later if rates drop, but you can’t change the price you paid.

Here’s a smart way to look at it: marry the house, date the rate. Lock in the right home now—you can change the mortgage terms when the time is right.

---

🏡 Homebuyer Tip of the Week: Don’t Skip the Budget Beyond Your Mortgage

When buying a home, it’s easy to focus only on the down payment and monthly mortgage payment. But that’s only part of the financial picture. One of the most common mistakes first-time homebuyers make is underestimating the true cost of owning a home. Planning for the full range of expenses ensures you can enjoy your new space without financial strain.

Here are the key costs to build into your budget:

• Homeowners Insurance & Property Taxes: These are often rolled into your monthly payment, but they can fluctuate yearly and add hundreds of dollars to your bill.

• HOA Fees: If you're buying into a condo or planned community, monthly or quarterly homeowners association fees can range from $50 to $400+.

• Utilities & Setup Costs: Gas, electric, water, trash, internet, and even security systems can add up fast. New homeowners often face activation fees or deposits.

• Routine Maintenance: Budget at least 1% of your home's value annually for upkeep—think HVAC servicing, gutter cleaning, and lawn care.

• Unexpected Repairs: From leaking water heaters to surprise roof repairs, having an emergency fund can be a lifesaver.

• Furnishings & Upgrades: A new home might mean new furniture, blinds, appliances, or paint—especially if you’re upgrading in size.

Pro Tip: Use a "mock month" before buying. Set aside your estimated future costs for one full month. If it feels comfortable, you’re likely in a good spot.

Owning a home should feel empowering, not overwhelming. The more realistic your budget, the smoother your transition into homeownership will be. Always ask your lender or Realtor to help you walk through a total monthly estimate so you’re making informed, confident decisions.

---

🗺️ Local Spotlight: Crofton Farmers Market (Anne Arundel Co.)

Spring is in full bloom, and one of our favorite local events is back! The Crofton Farmers Market kicks off its summer season this Wednesday, May 8, with more than 50 vendors offering fresh produce, homemade treats, handcrafted goods, and food trucks galore.

Details:

• 📍 Crofton Country Club (1691 Crofton Pkwy, Crofton, MD 21114)

• 🕒 Hours: 3PM – 7PM

• 🌮 Food trucks, live music, and face painting for kids

• 😶 Pet-friendly and free parking

This is a great place to connect with neighbors, support local farmers, and grab fresh herbs for your garden or dinner table. Pro tip: bring cash and reusable bags!

---

💡 Ask a Realtor

Q: Should I waive a home inspection to win a bidding war?
A: We get this question a lot, and the answer is: waiving an inspection entirely is never recommended. However, there are strategic alternatives:

• Pre-offer inspection: Do a quick inspection before submitting your offer. It gives you confidence and helps your offer stand out.

• Shortened inspection contingency: Include a 3-5 day window for inspection. This shows the seller you’re serious, while still protecting you.

Always weigh your risk tolerance and consult your agent before making any decision. Winning a home shouldn't mean losing peace of mind.

Want your question featured next week? Submit it via our site or reply to this week’s newsletter.

---

🗓️ Seller Tip of the Week: Mid-May = Prime Listing Window

Mother’s Day week is historically one of the most active for buyer activity in Maryland. Many families want to be under contract before the end of the school year, making the first 2 weeks of May a sweet spot to list.

• Homes listed May 1–13 typically see 20–25% more online views and showings.

• These listings often go under contract faster and closer to asking price.

If you're thinking of selling soon, now is the time to schedule photography, complete touch-ups, and get your home on the market while demand is high.

---

🏁 Final Thought

The Maryland market is starting to show signs of balance—but your edge lies in being informed and ready. Whether you're browsing Zillow at night, prepping your home for sale, or casually exploring your next move, each step you take today makes your future move easier.

Stay sharp, stay local, and stay ready.

See you next Sunday!