Harford County Real Estate Market Update November 2014 Compass Home Group Call Text 443-360-0086 Welcome to the Harford County Real Estate Market Update for November 2014. This months numbers were just released by MRIS our local MLS and RBI Stats so here we present them to you. Stay on top of what is happening throughout the Maryland Real Estate market by following our blog here. Let s jump right into the numbers here for the Harford County Real Estate Market. We are focusing on the month of October 2014 and for that month the average sold price of a Harford County home came in right at 245 276 with a median price of 225 000. This reflects a small decrease of 2.92% from the same month last year but up 5.48% from the beginning of the year. Great news for home sellers considering entering the Winter market. Even better news is that 251 homes sold in the month of October throughout Harford County up 15.14% from the same time last year This means the market is staying strong as we enter what people consider a slow market however December has always been a strong month as people want to settle in before the years end. Keeping with the upward trend of Harford County Real Estate 168 homes went under contract in October up 14.3% from the same time last year and up 26% from last month Huge numbers as buyers jumped into the market once the busy back to school time settled backed down. The Harford County Real Estate market currently is sitting on 1 523 active listings ready for you to call home up 19.7% from the same time last year but dropping over 4.6% from last month This is good news for buyers and sellers as the market is settled in right at 6 months of inventory. 6 months of inventory is what the National Association of Realtors defines as a healthy and balanced real estate market During October 410 new listings were added to the Harford County Real Estate market down 2.84% from last year and down 15% from last month as sellers typically slow their activity during the Holiday season Not the best idea in our opinion but that s an entirely different blog post in itself. Finally the average days on market is right at 96 days or about 3 months. This number doesn t fluctuate too much from the month and is pretty steady in the past 12 months. For a free market valuation of what your home is worth in today s market complete our short seller survey. No obligation and with your FREE market analysis we will include a freshly printed 2015 guide to sell your Harford County Home Harford County Current Year Previous Month Previous Year Average Sold Price 245 276 261 567 252 641 of Homes Sold 251 252 218 New Under Contract 168 133 147 Active Listings 1523 1597 1272 New Listings 410 484 422 Average Days On Market 96 92 80 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 Buy a Home - Find My Homes Value - Research My Area - Meet Our Team
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