The Baltimore Metropolitan Area Real Estate Market is showing significant improvement.
According to Real Estate Business Intelligence, in June 2013…
· Sales prices were up 19.5% from June 2012 which is the highest June sales level in the last 5 years.
· Pending contracts were up 14.7% from June 2012, the third consecutive month of double digit growth.
· Median sales price was $262,750 which was up 5.1% from June 2012.
· Median days on market was 23 days which was down 15 days from June 2012 and the lowest level of any month since November 2005.
With sales and new contracts up from last year, prices continuing to rise, and mortgage interest rates remaining at low levels, this might just be the time to make that move you’ve been considering.
If so, call us to find out if now is the right time for you to buy and/or sell a home.
Wishing you sunshine everyday and the home of your dreams,