Harford County Real Estate Agent Market Update July 2014

Harford County Real Estate Agent Market Update July 2014
Compass Home Group of Keller Williams American Premier Realty
Call or Text 443-360-0086

Welcome to the Harford County Real Estate Agent Market Updated for July 2014. Compass Home Group, your premier Harford County Real Estate Agent team, is dedicated to keeping you informed of market updates, statistics and trending as we continue to inch our way out of the depressed real estate markets of the last 5 years!! Lets not waste anytime and jump right into what is happening in our local market today! The numbers for June were just released, and as usual we will look at these numbers, compared to last year, last month, and the beginning of 2014. Search All Harford County Homes for Sale!

In June, 267 Harford County properties exchanged hands via the MLS system called MRIS. This number represents a 3.9% increase in homes sales from the same time last year, and up 3.89% from last month. This is very common to tick up throughout the Summer months as parents want to make their move outside of the school year for an easy transition for their children. The average sold price of a Harford County home was $274,379 in the month of June, falling 1.19% from the same time last year, but up 2% from last month. The MOST sold home in Harford County was a single family detached home with 4+ bedrooms, average a sales price of $372,260!! These homes made up 41% of the Harford County Real Estate Market.

Average Sold Price  $274,379
# of Homes Sold  267
New Under Contract  172
Active Listings  1515
New Listings  513
Average Days On Market  85

172 homes went under contract in the month of June, up 1.18% from June 2013. Realtors were busy in June, with 513 new homes hitting the market! This stat shows a 17.9% increase from the same time last year, bringing our current housing inventory to 1,515 active Harford County Listings. This statistic represents our largest jump from 2013, increasing over 20%! The Harford County Real Estate Market is basically playing catch up right now. Sellers were on the fence about selling, inventory was down, and now as they see prices begin to tick up, they are are putting their homes on the market. This is creating a Balanced inventory as we currently have approximately 5.6 months of inventory in Harford County. National Association of Realtors defines 6 months of inventory in a market to be balanced, anything above and we are in a buyers market, anything below and we find ourselves in a sellers market. The average days a home is taking to sell in Harford County right now sits at 85, down 1.16% from the same time last year. With homes priced well, regardless of condition, we are often seeing homes selling within 5-7 days bringing in multiple offers. Remember, you pay a Realtor to market, position, and negotiate your home sale. Make sure you hire a Realtor with the marketing know how to bring the most qualified buyers through your home! 

For a FREE market valuation of your home, but a licensed Harford County Real Estate agent, contact us today by calling 443-360-0086 or complete our short seller survey!! We will also include our 2014 guide to selling your Harford County Home!!  

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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