Sold values dropped 10% from February 2009 to $310,000, but under contract was up 1%. Also to note is that there were 34 that settled this February over only 18 last year at the same time.

List prices are down from $349,000 last year to $340,000 this year.

Considering the multiple blizzards we had in one week in February, these numbers are much better than they could have been!

View the February 2010 Timonium Home Sales Report.

Please note that these are statistics from the multiple list. The chart is an overview of the zip code and does not take into account the type (condo, townhouse, single family) or condition of the home. To have a true value understanding of your Timonium home or Lutherville neighborhood, these factors need to be taken into consideration. If you would like a Lutherville or Timonium home price evaluation, please contact me today.

The full chart shows that prices and inventory have stabilized in the Lutherville and Timonium real estate market. There are 4% more houses on the market in the past 12 weeks compared to the 12 weeks prior, but prices have dropped for those sold a small amount — around 2.4%. The prices of houses going under contract have dropped about 5%.

Consistently, there have been about 200 homes for sale in 21093, while on average 9 of those homes are going under contract each week (and 9 new ones listed on average, evening it out). An average of 9 are also settling each week.  There is a large inventory for Timonium homebuyers, so now is the time to buy!

These 21093 home sale statistics show me that pricing correctly is extremely important, to be able to be one of those 9 selling each week. Having your home in move-in condition, and good marketing are also needed in this Lutherville housing market.

Please note that these are statistics from the multiple list. The chart is an overview of the zip code and does not take into account the type (condo, townhouse, single family) or condition of the home. To have a true value understanding of your Timonium home or Lutherville neighborhood, these factors need to be taken into consideration. If you would like a Timonium or Lutherville home price evaluation, please contact me today.