Baltimore County Real Estate Report Card May 2014
Compass Home Group of Keller Williams American Premier Realty
Call or Text 443-360-0086
Compass Home Group of Keller Williams American Premier Realty
Call or Text 443-360-0086
Baltimore
County Real Estate is rocking and rolling as we cross through the month
of April and are diving head first into the Spring market! At this
point of the year, it looks like home sellers are diving in a little
fast than buyers and we will show you exactly what we mean by that! The
average sold
price of a Baltimore County home in April was $252,430 relatively
unchanged from the same time last year, increasing only .41%. The
number of homes sold in the Baltimore County Real Estate market came in
right at 596 home units, down 7.02% from the same time last year, but up
over 6% from March. So more buyers are coming out, but just not at the
same pace as last year. 611 homes went under contract in Baltimore
County, down only .65% from April 2013, but up 4.44% from March of this
year.Here is where the numbers start to jump, as we look into listings. Active listings on the market in Baltimore County come in at 2,862 up over 16% from the same time last year, and 20% from the beginning of 2014! On top of that, 1,431 new listings hit the market in April, again with big increases, up 8.08% from 2013, and up 90% from January. As you can see listings hitting the market have jumped from the same time last year, while the number of people settling on a home, or writing a contract on a home has decreased. This results in inventory inching up and pushing us back towards a balanced market in Baltimore County. Currently, there is 4.8 months of inventory (total active listings / home sold) on the market in Baltimore County, well below the 6 month benchmark the National Association of Realtors defines as a balanced market. During the same time last year, we sat right around a 3.8 month of inventory, so the balanced market is on the horizon!
If you're interested in finding out what our Baltimore County home is worth, and a FREE copy of our 2014 Home Selling Guide, visit www.ListWithCompass.com today. The markets are constantly in a state of flux, so whether you're buying, selling, or investing in real estate contact a team who makes sure to know the stats and numbers of a market on a regular basis! Call or Text the Compass Home Group today 443-360-0086
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
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