Thursday, November 21, 2013

Harford County Real Estate Report Card October 2013

Harford County Real Estate Report Card October 2013
Compass Home Group of Keller Williams American Premier Realty
Call or Text 443-360-0086

A little late, but the numbers have come in for the Harford County Real Estate market.  As we roll into the winter months, we always here "I'm going to take my home off the market till Spring for the Holidays" and "I'll pick my home search up again in the Spring", but here are the facts on what the market is doing this month.  Average sales price is holding pretty steady from the same time last year hovering right at $252,641 down .2% from the same time last year.  The number of Harford County Homes Sold, 218, was up 22.47% from the same time last year and 47.3% from January!! ATTENTION SELLERS, Harford County Homes are selling!!  Average days on market continues to be low, around 80 days, about 9 days faster than the 2012.  

A BIG jump that we saw was in the new Harford County homes under contract, up 37.38% from the same time last year!  Buyers want to buy before the year is up, so they are writing on homes that are priced well!  Along with the number of contracts going up, the number of new listings, JUMPED!  422 new homes were listed in Harford County in October, up 43.05% from October 2012, and up 19.21% from September.  Sellers have caught on to the trend of selling your home around the holidays!! Think about it, when does your home look any better than when decorated for the jolliest of holiday's!!  This has brought us back into a balanced market, we are hovering right around 6 months of housing inventory based on current statistics, what the National Association of Realtors considers a "Balanced" market.  Are you looking to purchase a Harford County Home, start your home search with us!  And for you home owners debating when to list your home, it's not to late to jump on the holiday rush this season, contact us now for a FREE valuation of your Harford County home in today's market!!

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