The housing market in Pikesville, is still quite strong as it was last month.
This is good news for both buyers and sellers in our area.
-
Good news for sellers because the average Days On Market is down so this means that homes are selling faster than they did this time last year and there is also low inventory.
- Good news for buyers because interest rates are still low and there are great programs available for the purchase of a new home.
Average Sale Price:
The Average Sales Price in January 2017 was $236,468.
The number of properties in this calculation was 36 with prices ranging
from $27,000 to $614,045. This is a decrease from January 2016
of $30,252 or 10.2%.
Current Active Listings:
The Current Active was 139 with prices ranging from $39,844 to $4,495,000.
Average DOM Sold:
The Average DOM (Days On Market) Sold in January 2017
was 51 with prices ranging from $30,000 to $244,638. The average DOM sold
decreased by 21units or 29% compared to January 2016 numbers. So we are
seeing that DOM drastically reduced which is not surprising as there is
currently low inventory.
Numbers Sold:
The Number of units was 36.
Under Contract:
The Number of Under Contract YTD was 24 with prices ranging from $59,900 to $1,095,000.
Home Buyers in the Pikesville area:
Home Buyers in the Pikesville area are still getting wonderful deals on homes. However it would be wise to not wait around to long to make a decision as correctly-priced homes in good condition are selling really fast. If you are in the market to buy a home in our area, contact a local expert to help you with your real estate needs.
Home Sellers in the Pikesville area:
Home Sellers in the Pikesville area will see results if their homes are priced within the market value as this will to assure that house has the greatest chance of selling in or around the average DOM. In many cases, well-priced properties in good condition are selling within a few weeks as was the case of my last listing.
LOOKING FOR A HOME IN THE PIKESVILLE AREA? I CAN HELP!
WONDERING WHAT YOUR PIKESVILLE AREA HOME IS WORTH IN TODAY'S MARKET? CLICK HERE
SEARCH ALL PIKESVILLE AREA HOMES FOR SALE HERE
If you are considering selling or purchasing a home in the Pikesville area, I would love an opportunity to earn your business, exceed your expectations, and to provide you with an
Exceptional real estate experience!
Comments(2)