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Harford County Real Estate Market Update February 2015

Harford County Real Estate Market Update Harford County Real Estate Market Trends February 2015February 2015

Compass Home Group
Call or Text 443-360-0086

The Harford County Real Estate Market is on fire right now as we get through the first month of 2015.  As we are in the beginning of what looks like the coldest week of the season, the heat of the Spring market is sure to keep buyers and sellers flooding into the market faster than in previous years.  Let’s jump right into the numbers and see how your Harford County Real Estate Market is starting up.  Throughout the County, we had an average sales price at $253,954, up an impressive 9% from the same time in 2014.

Are you a home buyer contemplating entering the market soon?  REGISTER NOW for our FREE Home Buying Seminars throughout the year.  Learn how to qualify for a FREE Home Warranty, Appraisal and/or a Home Inspection!

Throughout the Harford County Real Estate Market in January 2015, 167 homes settled welcoming new homeowners to the area.  As we see the market heat up earlier than previous years, thanks to lower interest rates, this number is up 38% from January 2014.  Along the same lines, 145 new homes went under contract last month, up 20% from 2014.  As it stands, 1,245 homes currently sit active on the Harford County Real Estate Market and are ready for you to call home!!  This number only increased 5% from the same time last year, so less new listings are hitting the market when compared to how many more are coming off with contracts and/or settlements.

For a FREE Valuation of your homes value, complete our short seller survey!  Our team of professionals will work up a full market analysis of your homes value within 24 hours AND give you a FREE copy of our 2015 Home Selling Guide!!

With the number of listings on the market, and average homes closing last month, we are currently sitting in a buyers market for the month. We don’t see this lasting through the first quarter of the year as home buyers are out in droves right now taking advantage of historically low interest rates.  What did also tick up was the average days on market last month!! What was taking 80-90 days to sell in the Fall is now pushing out to an average of 105 days.  Something to consider when you’re ready to sell your home.

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

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