Thursday, September 12, 2013

Baltimore County Real Estate Market Report August 2013

Baltimore County Real Estate Market Report August 2013
Presented by the Compass Home Group of Keller Williams American Premier Realty
Tim Langhauser and Michele McCartin
Call or Text 443-360-0086

DRUM ROLL PLEASE, the Baltimore County Real Estate market statistics are in for August 2013, and +Compass Home Group is bringing them to your inbox, Facebook, and any other way we get to interact with the world today!!  Again, Baltimore County Real Estate has wind in its sails as it continues to push forward through these economic times, even with interest rates creeping back up.  763 homes sold in the month of August, reflecting double digit growth from 2012, with an uptick of 11.88% over the same month last year.  What keeps home sellers even happier then more Baltimore County Homes selling?  Well that answer is easy, the fact that the average home price is up 6.74% to $264,557 from the same time last year!  Not many homeowners will complete about homes appreciating in a tough economy.  For a detailed report on your Baltimore County Homes Value, visit www.ListWithCompass.com for a market analysis for your specific home/neighborhood.  Homes are selling for 94.7% of the original listing price in Baltimore County in August.  Compass Home Group, historically, is able to sell homes in the same area for 97.1% of our original listing price.  This equates to over $6,000 more in your pocket when listing your home with the Compass Home Group.
531 new properties went under contract in August, up 6.8% from August 2012.  More homes are selling, more properties are going under contract, average sales prices are rising, all the while the active number of listings for sale continue to shrink from the same time last year, down 5.98% to be specific.  Shrinking inventories will continue to drive prices higher and create multiple offer contracts on homes priced well on the market.  Interest rates have ticked up recently so now is the time for home buyers to get off the fence and begin browsing for their first, or next, home!  Visit www.BuyWithCompass.com and let Compass Home Group deliver listings specific to your needs to your inbox on a daily basis!

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