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Baltimore County Real Estate Market Update June 2015

Baltimore County Real Estate Market UpdateBaltimore County Real Estate Market June 2015

Compass Home Group
Call/Text 443-360-0086

Welcome to the Baltimore County Real Estate Market Update for June 2015.  We are closing through the final weeks of the Spring market as kids prepare to finish up school and we launch into the hustle and bustle of the Summer season.  Home Sellers should be paying detailed attention to where this market is going and here are the stats to prove it.  Average sales pricing for homes selling the Baltimore County Real Estate Market are coming in at $266,946 which is up 3.23% from the same time last year showing us that YOUR HOME MAY BE WORTH MORE THAN YOU THINK!!

Are you looking to purchase your first home? Interested to learn what it takes to sell your home, and purchase a new one? REGISTER TODAY for our home buying seminar and learn all the details. Walk away with a 2015 Home Buying Guide, your credit score, and an outline to get you into your first, or next, home!

873 homes sold in May throughout the Baltimore County Real Estate Market up a staggering 19.75% from last May, and up 18% from just last month!!  The market is booming right now for you home sellers reading this.  On top of that 791 homes went under contract up 19.85% from last year setting the market up for a great Summer season.  Currently 3,291 Baltimore County Homes are listed for sale, up 5% from the same time last year.  Home sales up, contracts up, but homes actually on the market trailing by over 14% in growth as the active home market continues to constrict.

For a FREE market analysis of your homes value complete our short seller survey by visiting www.ListWithCompass.com today and we will compile your report along with a Harford County Guide to Selling Your Home!

What does this mean for home sellers?  Your home may be worth more than you think as inventory is down and buyers are out searching for well priced homes.  The National Association of Realtors considers a healthy and balanced market to have 6 months of inventory at any given time.  Currently, the Baltimore County Real Estate market is sitting at 3.77 months, far behind that 6 month mark creating a sellers market.  This opens up the market to buyers submitting multiple bids on properties driving the pricing up with homes selling within a day or two of hitting the MLS, assuming property positioning, marketing, staging and photography.  Contact us today to find out what your home is worth, 443-360-0086.

For buyers, don’t worry!!  1,653 properties hit the market in Baltimore County in May, up 14% from May of last year!!  That number is crazy considering we are still low on inventory.  Average days for a home to sell is only 77 right now, down two weeks from the same time last month!!  Make sure to like our page on Facebook, for more great posts about what is happening in your marketplace, and or neighborhood.

Baltimore County Homes for Sale
Baltimore County Foreclosures
Baltimore County Short Sales
Baltimore County Townhomes for Sale
Baltimore County Condos for Sale
Baltimore County Single Family Homes for Sale
Baltimore County Homes Sold – Research Sold Values

Compass Home Group of Keller Williams American Premier Realty
Tim Langhauser & Michele McCartin
Call or Text 443-360-0086 for information Broker: 443-512-0090
Get a FREE REPORT of your HOME’S VALUE at www.ListWithCompass.com

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