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Harford County Real Estate Market Update January 2015

Harford County Real Estate Market Update January 2015Harford County Real Estate Market

Compass Home Group
Call/Text 443-360-0086

So 2014 has come to a close, and another busy year in the Harford County Real Estate Market, we saw rates fluctuate up and down, private mortgage insurance costs jump, and the number of distressed properties on the market begin to tick lower.  2014 went out with a bang when we jump into the market statistics, with inventory shrinking, rates low, and more buyers coming out into the market 2015 is already gearing up to be a breakout year.  Let’s dive right into the numbers then.  For December the average sold home in the Harford County Real Estate Market closed at $253,852 up .5% from the same time last year.  While prices seemed to have stabilized from previous years record lows, the sales continue to boom.  241 homes were sold in December, up 20.5% from December 2013, and up 24% from the previous month!  Plenty of home buyers were excited to get into their new home before the years end.

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121 homes were put under contract last month, up closet o 46% from the same time last year, a massive gain as we roll into 2015.  With typical seasonality the number of active homes on the Harford County Real Estate Market available for sale fell to 1,288, or 7.8% from the previous month, but still up over 9% from last year. We often find sellers wanting to remove their homes during Winter.  Our team strongly suggests otherwise as the inventory shrinks with that way of thinking, so does YOUR competition!  Don’t wait for the spring market and all the other sellers, list your home now and be 2 months ahead of the curve!  For a FREE market valuation of your home and 2015 Home Selling Guide, complete our short seller survey now.

Harford County Current Year Previous Month Previous Year
Average Sold Price $253,852 $248,482 $252,533
# of Homes Sold 241 194 200
New Under Contract 121 141 83
Active Listings 1288 1398 1174
New Listings 256 289 187
Average Days On Market 98 89 98

As it stands, there is about 5.3 months of inventory on the market right now inching closer to what the National Association of Realtors would consider a sellers market!  Buyers, don’t get discouraged, there is still plenty of opportunity out there for you.  256 new listings hit the market in December, up 37% from last year, but down over 11% from last month.  The average days hit takes a home to sell still comes in at 98, unchanged from December of 2013.  Be sure to contact Compass Home Group today for all of your Harford County Real Estate needs, 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

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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 06/22/2017. Portions Copyright © 2017 Metropolitan Regional Information Systems, Inc All rights reserved.