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Home Sellers in the Driver's Seat in 2018

If you shopped for a home in 2017, you probably got a little frustrated. The inventory levels were lower across the board, with an average of 20% fewer homes on the market than 2016. Many of our clients placed offers on many homes before getting one under contract, and even then, they would get used to hearing “we have multiple offers and need your highest and best!” Motivated buyers took heed and paid what they thought the home was worth; others skeptically chose to keep looking.   

The year ended on a robust level. Personally, it was ...

Harford County Real Estate, Summer of 2017

No need to speculate about what the real estate market in Harford County has done this past Summer; I have the data to show you, along with some insight into what it all means. I can admit that while I usually try to get this info out monthly, I’ve been too busy the past three months to do the research. Despite that, you’ll be surprised at the evidence to the contrary.

If you’ve been home-shopping the past few months, you probably ran into a competitive bidding situation, encountering the dreaded “...

Havre de Grace Real Estate March 2017
By Scott
May 8, 2017

 

The real estate market in my small hometown of Havre de Grace, MD had me worried for a second, since sales were flattening, inventory held firm and median sales prices looked just like they did last year (the last time we reviewed the market was October 2016). While it hasn’t done anything to change my concern, it has made some positive changes.

The total real estate sales volume was $5.16 million (the most recent full month for which we have sales), which was down ...

White Marsh Real Estate March 2017
By Scott
May 8, 2017

The market in White Marsh has continued its steady roll, but there wasn’t a significant pop in sales during March of 2017. The volume, as usual, was mostly in the 21236 zip code, but there was some action in the 21162, mostly due to the developing that Ryan Homes is doing there in two different communities.

The total volume was steady at about $9.5 million in March, 2017, which was a 2% bump over the same month a year ago. 43 homes sold in the area, which, while more than many similarly sized zip codes, was only 2.38% over the same time last ...

Bel Air MD Real Estate March 2017
By Scott
April 14, 2017

We’ve seen most Harford County real estate markets catching fire lately, with inventory being constrained and bidding wars on most well-priced homes. And the same has been happening in Bel Air, MD, even though slight differences exist between the 21014 and 21015 zip codes.

The 15 has been the more robust, although both areas have been strong for sellers. The market there jumped 21% to 34 homes sold in March 2017, and while there were more sales (37) in the 14 in March, it was a 7.5% drop from March of 2016. Another point of note was that there were 11 condos sold in the 14 to ...