Thursday, July 11, 2013

Baltimore County Real Estate Market Report Card June 2013

Baltimore County Real Estate Market Report Card June 2013
Compass Home Group - Call or Text 443-360-0086

Compass Home Group is bringing you the June market update for the Baltimore County Real Estate Market.  Baltimore County Real Estate is constantly changing, adapting, and trending to current economic conditions.  For the month of June, the average Baltimore County home sold for $266,429, up .21% from the same month in 2012.  The most popular homes continue to be three Bedroom Homes, both townhouses and single family homes, making up over 50% of the Baltimore County Housing Market.  

At the end of June, 2,714 homes were listed for sale in Baltimore County, down over 11% from the same time frame last year.  While the number of homes on the market has gone down, the number of homes sold in June went up 13.77% from June 2012 to 843 sold units.  Along the same line, 580 Baltimore County Homes went under contract in June, also up from June 2012, 10.69%.  With the inventory of homes shrinking, the number of homes selling and going under contract continuing to rise, it only means one thing.  We continue to go deeper into a sellers market.  The simple law of supply and demand shows us that us supply goes down, and demand goes up, prices are sure to follow.  As interest rates continue to fluctuate more and more buyers are jumping off the fence before they continue to rise.  With more buyers then sellers, we can expect homes priced right and in good condition to not stay on the market long.  As you can see the average home is only taking 66 days to sell, down a whopping 33% from June of 2012.  The Baltimore County Real Estate market is hot!!  Contact the Compass Home Group today for your private consultation on buying or selling your Baltimore County Home.  Visit www.BuyWithCompass.com so we can help you find your dream home in, or out, of Baltimore County.

If you have a home to sell visit www.ListWithCompass.com to get a free market analysis of your homes value in today's marketCall or Text the Compass Home Group today for your private consultation on buying, selling or investing in Real Estate!! 443-360-0086


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

 

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