Lutherville Housing Market | Lutherville Real Estate | February 2015
Lutherville Housing Market
The Lutherville Housing Market for February 2015
Current Lutherville Housing Market
Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions. For about 11 straight months we have seen 11 months of consistant growth in the median sold price as seen in the graphic below.
Thinking about buying a home in Lutherville? Good news is you may still be able to find a deal on a house in Lutherville, but working with a REALTOR who understand the market is key. If you may be thinking "I'm going to wait", don't. Waiting by the sidelines to long when homes in Lutherville are selling withing a few days of hitting the market will cause you to miss out. On the East Coast when it is traditionally cold and holiday season, buyers and sellers tend to be very serious this time year and ready to make a reasonable sale happen.
As you can see from the graph above, listings are not selling exactly for asking price and note the price climb increasing. What is the best way to ensure you don't pay more for a home than what it's worth? You'll want to have an agent, your are working with exclusively, that does a thorough market analysis of the Lutherville home on which you are making an offer.
Lutherville Market Inventory Trends
The number of active listings in Lutherville Timonium (21093) dropped to 11.6% from the previous month.
The median number of days active properties have been listed is 59. This is significantly shorter than the national average.
These statistics for Lutherville Market Inventory Trends indicated that there is limited inventory in Lutherville. These means that buyers should act quickly and not wait and homes in Lutherville are moving quickly.
Lutherville Timonium, Maryland Real Estate
*The data on this page is consolidated from multiple sources and includes current listings, recent sales, and more. Some sales are not immediately available from public records. As they become available, the data are updated.