Harford County Real Estate - January Market Report
Compass Home Group of Keller Williams American Premier Realty
Call or Text 443-360-0086
And just like that the first month of 2014 has come and gone! Couple of snowstorms were not enough to keep home buyers and sellers from shoveling out and closing some Harford County Homes in January. The spring market is beginning to hit a little faster than in previous years as sellers see the market trending back upwards. Sellers are trying to beat the spring market when a flood of listings will increase inventory giving a bigger supply to current buyers! Compass Home Group, your #1 Real Estate Agent Team in Harford County is bringing you the stats as we read them.
Let's dive right in then, in January the average sales price of a home sold in Harford County was $232,753, down 2.15% from the same time last year showing us that year over year pricing for this specific month was down, however the market continues to stabilize and trend up as we push into 2014. 121 Homes Sold in January, down 18.24% from the same time last year as weather conditions delayed closings, and kept a lot of home buyers tucked into their warm and cozy homes. Additionally, 121 homes went under contract last month in the Harford County Real Estate market, staying exactly the same from the same time last year, but up 45.78% from December!! Remember, closings typically take 30-60 days, so the written contracts hitting now will close in March/April.
Currently, 1,157 actively listed homes are for sale in the Harford County Real Estate market, up 12.66% from January 2013. 317 New listings hit the board in January, up 4.28% from the same time last year. Now look deeper into these numbers, if 121 homes went under contract, and 317 were newly listed, you can see that it won't take long for an inventory of homes to stack up. The final number we will look at is average days on market, which for a Harford County home sits right at 86 days, down 8.51% from the same time last year. We know that homes priced well, in good condition will sell, easy as that! Compass Home Group is proud to say our Harford County Average Days on Market is over 30 days faster than the County average (2013 stats). So make sure to put your #1 Harford County Real Estate Agent Team to work for you!
Give us a call today to find out what your Harford County home is worth in today's market. If you're interested in purchasing a Harford County Home, complete our short buyer survey and let us know what you're looking for. My team and I will do the work for you and comb the listings to make sure only what matches your needs are delivered to you daily. Request a FREE 2014 Home Buying Guide Today!
Tim Langhauser & Michele McCartin
Call or Text 443-360-0086 for information
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