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Bel Air Real Estate Agent Market Update July 2014

Bel Air Real Estate Agent Market Update July 2014
Compass Home Group of Keller Williams American Premier Realty
Call or Text 443-360-0086Bel Air Real Estate Agent Market Report July 2014

Welcome to the Bel Air Real Estate Agent Market Updated for July 2014. Compass Home Group, your premier Harford County Real Estate Agent team, is dedicated to keeping you informed of market updates, statistics and trending as we continue to inch our way out of the depressed real estate markets of the last 5 years!! Lets not waste anytime and jump right into what is happening in our local market today! The numbers for June were just released, and as usual we will look at these numbers, compared to last year, last month, and the beginning of 2014. Search All Bel Air Homes for Sale!

In June, 85 Bel Air properties exchanged hands via the MLS system called MRIS. This represents a 6.6% decrease from the same time last year, but close to an 8% increase from last month!  As we move deeper into the Summer season this is expected as sellers with children look to transition.  Of the home sales the average sales price of a Bel Air home came in at $329,092 up 7.55% from the same time last year.  This should make homeowners with Bel Air happy campers.  Bel Air homes are selling for approximately 20% more than the average home throughout Harford County.  While the homes in Bel Air are selling for considerably more money, they are taking, on average, 5 additional days to sell (90 days).  With homes priced well, regardless of condition, we are often seeing homes selling within 5-7 days bringing in multiple offers. Remember, you pay a Realtor to market, position, and negotiate your home sale. Make sure you hire a Realtor with the marketing know how to bring the most qualified buyers through your home!

Average Sold Price $329,092
# of Homes Sold 85
New Under Contract 44
Active Listings 386
New Listings 158
Average Days On Market 90

44 homes went under contract in the month of June, up 2.33% from June 2013. Realtors were busy in June, with 158 new homes hitting the market! This stat shows a 23.44% increase from the same time last year, bringing our current housing inventory to 386 active Bel Air Listings. This statistic represents our largest jump from 2013, increasing over 26%!  The Bel Air Real Estate Market is basically playing catch up right now. Sellers were on the fence about selling, inventory was down, and now as they see prices begin to tick up, they are are putting their homes on the market.  Even with the additional homes hitting the market, Bel Air is currently sitting on only 4.5 months of housing inventory. National Association of Realtors defines 6 months of inventory in a market to be balanced, anything above and we are in a buyers market, anything below and we find ourselves in a sellers market.

For a FREE market valuation of your home, but a licensed Harford County Real Estate agent, contact us today by calling 443-360-0086 or complete our short seller survey!! We will also include our 2014 guide to selling your Harford County Home!!

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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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The data relating to real estate for sale on this web site comes in part from the Metropolitan Regional Information Systems, Inc . Last Updated 06/23/2017. Portions Copyright © 2017 Metropolitan Regional Information Systems, Inc All rights reserved.