Tuesday, January 14, 2014

Harford County Real Estate Market Report December 2013

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

The end of the year has come and gone, and we here at the Compass Home Group hope you had a magical and successful 2013!  With the end of the year, comes the last market update from the December 2013 statistics for the Harford County Real Estate Market.  Without further ado let's jump right into it.  The average sales price of a Harford County Home sold in December of 2013 rung in at $252,533 up 6.16% from January of 2013, a considerable push forward for homes that are selling.  200 Homes went to settlement in December, up 15.61% from the same time last year, showing tremendous growth as December always seems to be a HOT month in the Harford County Real Estate Market.  Must be all those home buyers trying to squeak in a tax credit or two!  83 new properties went under contract in Harford County during the month of December, sliding down 19.42% from the same time last year.  Several factors could have effected this including the holidays, rising interest rates or even the couple snow storms that plagued us through the month.  Not to worry though, we are seeing a jump in activity in the first two weeks of January indicating buyers are out, and are ready to move!!

The number of active listings on the Harford County Real Estate market jumped 12.78% from the same time last year, coming in at 1,174 properties.  With 200 units selling last month, and 1,174 active properties, the Harford County Real Estate market is beginning to balance itself out holding just under 6 months of housing inventory, what the National Association Realtor defines as a balanced market.  187 New Listings came on the market in December up 9.36% from the same time last year, but down 36.39% from November.  Many sellers believe the winter time is a BAD time to keep your home on the market as buyers go into hibernation mode with the holidays.  That couldn't be furthest from the truth as the buyers actively looking are motivated, and ready to purchase!  January/February are great times to list your home as your are a step ahead of the sellers waiting for the "spring market."  Wouldn't you rather BEAT the spring market, beat rising interest rates, and have your house listed for sale with less competition?  I would!!  For a free market analysis of your homes value, visit www.ListWithCompass.com today!!  Or simply give the Compass Home Group a call at 443-360-0086. 

The final stat we will look at is the average days on market, coming in right at 85 days.  This means that if you are looking for a end of school year move, you should be looking to hire your Realtor now and getting your home ready for the market.  Compass Home Group is proud to say that in 2013, the average days on market for their Harford County Listings sold, was just under 53, so a full month faster than the county average!!  Let us put our expertise to work for you and get your Harford County Home Sold.  Whether you are looking to sell an investment property, relocate out of state, downsize, or move up to a larger home, the Compass Home Group can make sure to bring your dreams home and you into your next home!

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