Wednesday, December 11, 2013

Baltimore City Real Estate Report Stats for November 2013

Baltimore City Real Estate Report Stats for November 2013
Compass Home Group of Keller Williams American Premier Realty
Call or Text 443-360-0086

The Baltimore City Real Estate Stats have been updated for November 2013, and Compass Home Group is bringing them to you directly!  Remember, a real estate agent doesn't make the market, we only interpret the stats, and market trends and provide you with the information to make the best decision you can when buying or selling your home.  So let's jump right into it.  The average sales price of a Baltimore City home last month was $145,923, remember the city is large and coveres houses as low as a few thousand dollars to seven figure condos at the Harbor.  This price shows a 11.28% increase from the average sales price in January of this year.  486 units were sold in November, up almost 12% from the same time last year, even as interest rates are ticking higher from November 2012.  480 new homes went under contract in the month of November, up 17% from the same time last year showing us buyers are continue to write on homes even going into the winter months!  Browse homes for sale in the Baltimore City Real Estate Market now.

3195 listings are currently available in the Baltimore City Real Estate Market, up 6.25% from the same time last month, and over 20% from January of this year.  With over 6 months of active inventory the Baltimore City Real Estate market continues to slightly favor buyers.  863 new listings have hit the market in November, an almost 19% leap from the same time last year!  The average days a home stays on the market came in at 76, down a whopping 19.15% from November 2012, good news for sellers looking for a quick sale!!  For a detailed market analysis of your specific community contact us today.

If you're in the market to sell your Baltimore City Home, please visit www.ListWithCompass.com for a free market analysis of your homes value, or call us directly at 443-360-0086 for a more immediate response.  If you're ready to purchase your first home, an investment home, or your next home, don't hesitate to contact us for your 1 on 1 consultation on the buying process, or visit www.BuyWithCompass.com

Compass Home Group of Keller Williams American Premier Realty
Tim Langhauser & Michele McCartin
Call or Text 443-360-0086 for information
Get a FREE REPORT of your HOME'S VALUE at www.ListWithCompass.com