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Harford County Real Estate Market Update June 2016

Harford County Real Estate Market Update June 2016Harford County Real Estate June 2016

Compass Home Group

The kids are about out of school, so that means the Harford County Real Estate market is in full bloom right now and properties are selling! Harford County has seen some it’s most active month this year when it come to home sells, selling over 100 more homes than just last month. 377 homes sold in the month of May, a dramatic 20% increase from the same time in 2015! This is great news for home sellers as more and more buyers are entering the housing market while interest rates continue to stay at historically low levels. The average price of those homes sold came in at $267,472 for the month of May, climbing up over 2% from the same time last year. Remember, this is a County average and certain markets are performing vastly different from others. For a custom analysis of your community, jump over to 24/7. 245 new homes also went under contract in the month of May, up about 7% from last year. We expect this number to stay relatively consistent through the month of June and early July as school finished up and families tend to be in vacation mode.

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 2016 Home Buying Guide, your credit score, and an outline to get you into your first, or next, home!

Currently, 1,239 homes sit active and for sale in the Harford County Real Estate Market, down a whopping 17% from the same time last year. So a more and more home buyers enter the market, they are finding a lot less inventory to choose from. More and more we are seeing multiple offers on the same home, often for over list price when priced well. We have seen appraisal issues tick up as well as buyers are willing to pay more then the market justifies with such low inventory. Right now Harford County is actually sitting about half of what is considered a healthy market inventory of 6 months.

Harford County Homes For Sale
Harford County Foreclosures For Sale
Harford County Short Sales
Harford County Town Homes For Sale
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Research Harford County Homes Sold

With all of this activity we are finding the average home is only taking 76 days to sell, but don’t hire an average agent. Talk to our team if you’re looking to sell as we get homes sold faster, and for more money, than the County average, call us today 443-360-0086.

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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