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Harford County Real Estate Market Update February 2016

Harford County Real Estate Market Update February 2016Harford County Real Estate Market Update February 2016

Compass Home Group

I know it’s freezing out right now, but the market is getting heated up as home sellers begin preparing for the Spring market! The snow may have put a small stall on the market for a week or so, but thanks to rates going down buyers are out in force right now!!  Homes priced right, staged, and presented well are selling within days of hitting the market, often with more than offer being presented! For the Harford County Real Estate Market the average home sold came in at $243,733 down about 4% from the same time last year, but about the same from last month.  215 homes did settle in January throughout Harford County, up a staggering 28.74% from the same time last year.

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!

Not only are homes settling, but 158 homes went under new contracts in January, up 9% from last year, and up 2.6% from last month.  Milder weather coming will lead this number to jump even higher as temps warm up and we get rid of this snow. Currently 1,129 homes are sitting on the market active in Harford County, down almost 8% from last year.  So with written contracts growing, sold homes growing, and the inventory for buyers to choose from shrinking competition for well priced homes will increase. 338 new listings came active in January, up 10% from last year as more home sellers are entering the market before the Spring rush.  For sellers, as interest rates lower more buyers will jump into the market earlier to take advantage of the savings as well.  For sellers, the average time it’s taking a home to sell is 92 days in the County, but there are pockets and price points that are selling in 1-2 weeks consistently.  To understand what is going on in your neighborhood specifically give us a call at 443-360-0086.

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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
Get a FREE REPORT of your HOME’S VALUE at www.ListWithCompass.com

 

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