Harford County Real Estate Report June 2013
Compass Home Group
Call or Text anytime 443-360-0086
Another month gone and here we are, already halfway through the 2013 calendar year and the real estate market continues on an upward trend. Interest rates have been volatile the last month or so as the FED decides on how to push forward and keep our economy on the upward track. So the question we want to answer, is what does this mean for the Harford County Real Estate Market. Looking back through June, the average sales price of a home sold in Harford County was $277,685, up 5.70% from the same time in 2012. Not bad trending for our Harford County Homeowners out there! 259 homes settled last month, growing 8.37% from June of 2012. Of those 259 homes settled, over half or 167 homes were single family homes with the remaining 92 homes being condos or town homes. This shows us that more and more buyers are wanting detached homes in our area.
While the number of homes selling continue to grow in Harford County from 2012, the number of active listings available for buyers to purchase shrinks again. At the end of June, 1,234 active listings were on the market in Harford County, down 7.63% from June of 2012. This is good news for sellers as the number of homes on the market decreases, and the number of homes being purchased increases, prices will continue to rise as homes become more in demand with less supply. As I type this post we have listings receiving 2, 3, and even 5 offers on them in the first week they hit the market! Properly priced listings in this market are able to create auction type effects with multiple offers coming in out bidding others on the table increase the equity to the seller. Because of this, the average days a home takes to sell has dropped 27.12% as compared to June 2012, to 86 days!
Houses are selling faster and for more money then where we were 12 months ago, so hiring the right Realtor is crucial in making sure your marketing strategy is top notch to bring the greatest number of prospective buyers through your home and negotiate top dollar for your property. If you are interested in selling your Harford County Home, or just want to know what your home's worth in today's market call or text Compass Home Group at 443-360-0086 and/or complete this short survey about your home www.ListWithCompass.com and we will have a detailed market analysis to you within 24 hours.
Looking to buy your first, or next, home in Harford County visit www.BuyWithCompass.com and let us know exactly what your looking for. We will deliver listings to your inbox daily as they hit the market!
Compass Home Group of Keller Williams American Premier Realty Tim Langhauser & Michele McCartin
Call or Text 443-360-0086 for information
Aberdeen - Abingdon - Bel Air - Churchville - Cockeysville - Dundalk - Edgewood - Essex - Fallston - Forest Hill - Fork - Havre de Grace - Hunt Valley - Jarrettsville - Joppa - Kingsville - Lutherville-Timonium - Middle River - Parkville - Perry Hall - Phoenix - Riverside - Rosedale - Street - Towson - White Hall - White Marsh - Whiteford
No comments:
Post a Comment