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Harford County Market Update April 2016

Harford County Market Update April 2016Harford County Market Update April 2016

Compass Home Group

It may not be warm yet, with snow this past weekend, but Spring is upon us now and the Spring Real Estate Market is in full bloom! Housing prices are varying pretty widely throughout the County with some areas still falling year over year while other areas homes are not staying on the market more than 24 hours! So for your custom valuation, make sure to visit for a market valuation of your home. For the County as a whole, the average price of a home sold came in at $235,286 down 7.66% from last year. However, 274 homes sold last month up over 25% from last year, and 42% from last month.  Again, there are some vast differences throughout the County depending on area right now.

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 Free Home Buying Guide, your credit score, and an outline to get you into your first, or next, home!

234 new homes went under contract in March, up 30% from last year, and 40% from last month so buyers are out and about putting offers on homes priced well and show ready! Currently buyers have about 1,175 homes to choose from throughout the County, down 6% from last year. This number may sound like a lot, however if no homes listed starting today we would run out of homes to sell in 4 months!! That is pushing on a sellers market as inventory shrinks! Some homes are GREATLY skewing this market though, with I saw being on the market for over 2,000 days!!! Inventory is the lowest it has been in 6 months and I’m willing to bet we will see it drop again next month.

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541 new homes listed on the market in March up 13% from last year and up 42% from last month, so sellers are seeing the market change and jumping in.  Currently the average time a home takes to sell is 86 in the County with certain pockets seeing multiple offers in the first week of being listed.

If you have a home to sell, or just curious what your home is worth in this market, complete our short seller survey here for a FREE Market Valuation Report of your home. Also, we’ll include a custom 2016 Guide to Selling Maryland Real Estate!!

Compass Home Group of Keller Williams American Premier Realty
Tim & Michele Langhauser
Call or Text 443-360-0086 for information Broker: 443-512-0090

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