Compass Home Group is Bringing Dreams Home
Call Us: 443-360-0086

Baltimore County Real Estate Report Card May 2014

Baltimore County Real Estate Report Card May 2014
Compass Home Group of Keller Williams American Premier Realty
Call or Text 443-360-0086

Baltimore County Real Estate is rocking and rolling as we cross through the month of April and are diving head first into the Spring market!  At this point of the year, it looks like home sellers are diving in a little fast than buyers and we will show you exactly what we mean by that!  The average Baltimore County Real Estate May 2014sold price of a Baltimore County home in April was $252,430 relatively unchanged from the same time last year, increasing only .41%.  The number of homes sold in the Baltimore County Real Estate market came in right at 596 home units, down 7.02% from the same time last year, but up over 6% from March.  So more buyers are coming out, but just not at the same pace as last year.  611 homes went under contract in Baltimore County, down only .65% from April 2013, but up 4.44% from March of this year.

Here is where the numbers start to jump, as we look into listings.  Active listings on the market in Baltimore County come in at 2,862 up over 16% from the same time last year, and 20% from the beginning of 2014!  On top of that, 1,431 new listings hit the market in April, again with big increases, up 8.08% from 2013, and up 90% from January.  As you can see listings hitting the market have jumped from the same time last year, while the number of people settling on a home, or writing a contract on a home has decreased.  This results in inventory inching up and pushing us back towards a balanced market in Baltimore County.  Currently, there is 4.8 months of inventory (total active listings / home sold) on the market in Baltimore County, well below the 6 month benchmark the National Association of Realtors defines as a balanced market.  During the same time last year, we sat right around a 3.8 month of inventory, so the balanced market is on the horizon!

If you’re interested in finding out what our Baltimore County home is worth, and a FREE copy of our 2014 Home Selling Guide, visit www.ListWithCompass.com today.  The markets are constantly in a state of flux, so whether you’re buying, selling, or investing in real estate contact a team who makes sure to know the stats and numbers of a market on a regular basis!  Call or Text the Compass Home Group today 443-360-0086

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

Leave a Reply

You must be logged in to post a comment.

Our Blog

    Click to Open Our Blog  

Featured Homes

    House for Sale - Sold!  

Let’s Grab Coffee

    Let's Grab a Coffee  

The data relating to real estate for sale on this web site comes in part from the Metropolitan Regional Information Systems, Inc . Last Updated 06/22/2017. Portions Copyright © 2017 Metropolitan Regional Information Systems, Inc All rights reserved.