Harford County Market Stats Update July 2017
The Harford County real estate market continues to Sizzle through the Summer! The average home sold in Harford County came in at $276,365, down just under 3% from the same time last year. This number is partially skewed with inventory of homes being down, especially in the move up markets (350-500k). The number of homes SOLD last month grew by 2.89%, up to 427 units!
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As stated above, inventory is down, to 1,048 active listings on the market, down 19.26% from this time last year. New Pendings for June also rose up 4.27% up to 415. So what we see is inventory is down, sold homes is up, and new contracts is up! This continues to make it a strong market for sellers with homes priced well, showing well, selling fast! We are even seeing buyers waive their appraisal contingencies to win out in multiple offer situation. This means buyer are willing to bring the additional class to the closing table if the home does not appraise at contract price. For a more in depth market analysis for your home, call us today at 443-360-0086 or visit www.ListWithCompass.com.