This Month in Real Estate March 2015 has been released!

Home sales activity dropped to a pace of 4.82 million, down from the 5.04 million we saw last month in This Month in Real Estate February 2015.

The median home price also dropped, to $199,600 from $209,000 in February. Though it is down from last month, it is up 6.2% from the same point last year.

The average interest rate rose to 3.76% from 3.63% the previous month.

Please keep in mind that the home prices and sales activity in the above Keller Williams Realty video are national numbers.

Baltimore real estate sales can deviate very widely from the national statistics. There are some areas, even within our local Baltimore real estate market, that may see higher home sales activity, while there are others that may be on the lower end.

Please contact me for more information about selling a house in Towson or if you are considering buying Baltimore real estate. I understand many of the Baltimore real estate markets!