Maxwell Park Real Estate Snapshot
from Martin Kojnok, neighbor and Realtor® in Maxwell Park
Uncertainty has been a defining theme in recent months, but as we step into spring, the Maxwell Park real estate market is showing signs of its usual seasonal momentum. If it feels like there are more “For Sale” signs popping up or more A-frames out on weekends, you’re not wrong. But the story behind the numbers is more nuanced than it might seem. Here’s a look at what the data tells us about our local market:
We’re Still in a Seller’s Market.
Despite persistent inflation concern and higher mortgage rates, buyer demand in Maxwell Park continues to outpace supply. Based on February and March sales trends, we’re looking at about 2 months of inventory. Meaning if no new homes were listed, everything on the market would sell in roughly eight weeks. That’s still a strong indicator of a competitive market, and an improvement over the same period last year.
Prices Have Adjusted—But Demand is Steady.
While mortgage rates have risen since 2022, squeezing buyer budgets and softening prices slightly, Maxwell Park homes are still commanding strong interest. The median sale price is currently $820,000—about 9% lower than this time last year. That drop is largely a reflection of affordability constraints, not a lack of demand.
Buyers Are More Selective.
We’re seeing a noticeable shift in buyer behavior in that they are more discerning and are requiring higher value for their spending. This is evidenced by homes that are well-prepared, priced correctly, and are thoughtfully presented are still moving quickly. Compared to last year the average days on market has climbed a little to 33 days. This underscores the importance of making a great first impression. Things like staging, updates, repairs, thorough marketing and smart pricing matter now more than ever for a faster sale.
What Does This Mean for You?
Maxwell Park remains a sought-after neighborhood. The adjustments in mortgage costs are pressuring buyers to think more about their choices, but competition remains healthy. For sellers, it’s essential to adapt to today's buyer expectations. With the right preparation and guidance, homes here can sell quickly and reasonably—even in a more cautious environment.
If you’re curious about what these trends mean for your home—or are simply keeping a close eye on the market—I’m always happy to talk.
(Note: This quick analysis reflects data from February and March. The most recent economic changes, like the new tariffs, stock market volatility, bond yields, value of the dollar, and a bump back up in mortgage rates could influence market behavior, but those effects will become more visible in the months ahead.)
Until next time, dwell well my friends,
Martin Kojnok
CORCORAN ICON PROPERTIES
MBA | REALTOR® | SRES® | 2024 - Top Producer
DRE 01941661
martin@martinkojnok.com m: 510.593.3370 www.martinkojnok.com
