Compass Home Group: Baltimore County Real Estate Report Card October 2013

Baltimore County Real Estate Report Card October 2013

Compass Home Group of Keller Williams American Premier Realty

Tim Langhauser and Michele McCartin

Call or Text 443-360-0086

The Baltimore County housing market is continuing to trend upwards as we enter into the winter season. Let's dive right in and talk numbers, as they pertain to Baltimore County Real Estate. The average sales price of a home sold in Baltimore County last month was $245,477 up 4.75% from the same time last year! 639 homes were sold in October throughout Baltimore County, up 14.52% from October of 2012, but down 9.49% from September, which is not unexpected with seasonal trends. New homes under contract hovered right around the same from last month, at 490, but jumped over 6% from October 2012.

Baltimore County Housing Market continues it's upward trend when we dive into how many new listings hit the market in October. 1,093 new homes were listing last month, up 5.6% from September, and up a staggering 25.06% from the same time last year! The only two places we are seeing a decline in the Baltimore County real estate market is looking at the average days on market for a home, 78, down 17.02% from the same time last year!! Inventory of homes available for buyers has also shrunk since 2012, down .1%, but even with such a small decrease as the number of homes selling increases, inventory continues to shrink for buyers shifting to the Baltimore County housing market into a sellers market.

Are you looking to purchase a home in Baltimore County, let the Compass Home Group guide you through the process and put our expertise to work for you! Sellers, there is no better time to list your home than the holidays, after all, think about it when does your home look any better then over the next 6-8 weeks!! For a free valuation of your Baltimore County home, contact us today!