Friday, April 11, 2014

Harford County Real Estate Report Card

Harford County Maryland Real Estate Report Card
Compass Home Group of Keller Williams American Premier Realty
Call or Text 443-360-0086
Harford County Real Estate April 2014
Ladies and Gentleman the numbers have been calculated and we are ready to share the April 2014 Harford County Real Estate market report with you! As expected the March real estate market is heating up after a very cold, and somewhat grey couple of winter months. To browse Harford County Homes for Sale quickly click here, otherwise keep reading. The average sales price for a Harford County Home sold was $240,903 including all residential homes (single family, townhouse, condo). In total, 184 homes sold throughout the County, up 48.39% from February, 110 of which were single family or detached homes, 22 condo units, and 47 townhouses. 76 of the 184 homes were at least 4 bedrooms, showing us a little shift from the typical 3 bedroom single family home in Harford County. 166 new homes went under contract within the Harford County Real Estate Market in March, up 1.22% from the same time last year. By the end of the month, 1,184 active homes were listed for sale in Harford County, up 4.78% from the same time last year. At this point we are sitting right around a balanced market of having 6 months of inventory on the market for home buyers to search from. However, last month 433 new listings hit the market in Harford County, down 4.20% from the same time last year. But, do the math if 184 homes sold, and 433 new hit the market, that number could dramatically increase if home sales don't trend upward over the next few months. Trust a team who collects, and analyzes the trends in the Harford County Real Estate market to help you make the best informed decision in buying, selling or investing in real estate!

Luckily for Harford County residents we are entering the busiest time in the real estate industry, the Spring and Summer markets! Of the 184 homes sold last month, the average days the home took to sell came in at 103, so about 3 1/2 months! The trends are telling us that homes priced well, and in comparable condition are selling at a much faster pace. We are seeing homes receiving multiple offers within days of hitting the market! It all comes down to price, and positioning of your home, something Compass Home Group does at a high level with their intense market strategy. Our number don't lie, our Harford County Sold listings took only 53 days to settle in 2013, pacing 50 days ahead of the market right now!! Compass Home Group is proud to be part of the Keller Williams American Premier Realty family, the #1 brokerage in Market Share in Harford County!

If you are curious to see what your home is worth in today's market give us a call at 443-360-0086, or visit www.ListWithCompass.com and tell us a little bit about your home. In return you will receive our 2014 guide to selling your home, and a professional market valuation of your home! Check out the useful Market Insider section of our website, and you can enter your own zip code and find market trends, average sales prices, inventory trends and more customized to you!

Harford County Real Estate Market Inventory Trends 

Snapshot 
Average Sold Price - $240,903 
Homes Sold - 184 
New Homes Under Contract - 166 
New Listings Taken - 433 
Average Days on Market - 103
Compass Home Group of Keller Williams American Premier Realty Tim Langhauser & Michele McCartin  
Call or Text 443-360-0086 for information Broker: 443-512-0090  
Get a FREE REPORT of your HOME'S VALUE at www.ListWithCompass.com