People in Harford County have been enjoying a thriving real estate market recently! In November 2016, things continued their upward swing, with one little outlier statistic that we still haven’t figured out, although we have some theories. Also, the high sale was one of the largest recorded residential deals in Harford County in many years.
The number of sales in November was up 15.1% over the same month in 2015, and it took almost 10% fewer days for a deal to close than last year. So instead of it taking 91 days to sell the average home last November, it only took 82 days this year. The downside is that the active listings continue to drop, dipping 17.55% from the 11th month of 2015. That means if you’re in the market to buy, you’ll have less to choose from and more competition.
The highest-priced sale took place in Fallston and was brokered by Krauss Real Property Brokerage. The home’s address is 2501 Pocock Rd, and it sold for $4.6 million! The home’s structure is over 12,000 square feet, and it sits on an astonishing 247 acres! A picture of the front of the estate is below.