Wednesday, August 14, 2013

Harford County Real Estate Report Card July 2013

Harford County Real Estate Report Card July 2013
Compass Home Group

This year is just flying by and we are already blazing through the summer with school starting in only a couple weeks!  The July real estate Market was busy and booming as interest rates increased slightly and then dropped again with market fluctuations.  Let's dive right in and look at some of teh key metrics we track as Realtors.  Starting with the average sales price of a Harford Count home, $257,934.  This number was only slightly up from the same time last year, but continuing an upward trend!!  319 homes sold in the month of July, up a staggering 30.2% from the same time last year.  The upward trends continue as the number of new properties going under contract in Harford County went up 21.85% from June 2012 to 184.  
 At the end of July there were 1,239 properties on the market listed for sale in Harford County.  This was down 7.88% from July of last year with inventory steadily shrinking throughout our area.  The Harford Count real estate market continues to sit in a sellers market  with less than six months of active inventory.  With this lack of inventory the number of multiple offer situations continue to increase. Unfortunately while multiple offers continue to come in on well priced properties appraisal issues are on the rise are homes are under appraising from the contracted price.

If you are looking to sell your Harford County Home, complete our short survey at www.ListWithCompass.com for your free, no obligation, market analysis. Make sure to follow our blog to stay up to date on Harford County Real Estate trends.

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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