Wednesday, December 11, 2013

Baltimore County Real Estate Report Stats for November 2013

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

The Baltimore County 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 County home sale last month was $274,732 up 11.92% from October, and 10.46% from the same time last year as Baltimore County Real Estate continues its rise as we get ready to close out 2013.  531 homes were wold in Baltimore County last month, down 6.2% from the same time last year, while the number of active Baltimore County homes for sale went up 4.87%.  Less buyers were on the market, possibly due to the increase in interest rates from the same time last year.  Remember, as interest rates increase a buyers purchasing power decreases! 

445 new homes went under contract throughout the Baltimore County Real Estate market, up 5.2% from November 2012, but down 9.2% from October as buyers huddle in for the holiday season.  The number of active listings, 2,759, is up almost 5% from last year, while the number of new listings taken in November is up over 23% from November 2012.  More listings being taken, with less of them going under contract may soon turn this Batlimore County Real Estate market from a sellers market back into a buyers market!  For a detailed market analysis of your specific community contact us today.

If you're in the market to sell your Baltimore County 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