This Month in Real Estate December 2013 has been released!

Home sales activity dropped again, this time to a pace of 5.1 million from the 5.29 million we saw in This Month in Real Estate November 2013, which had been a drop from October’s 5.5 million.

The median home price remained about the same from last month, $199,000 from $199,200 last month. Last month had been a significant drop from October’s $212,000. Though this is down from the last few months, the median sales price is still up 12.8% from this point in 2012.

The average interest rate dropped slightly, to 4.22% from 4.28% in November.

The Top Story talks about the top eco-friendly features that many buyers are looking for in their next home.

Jay Papasan says that the eco-friendly features buyers are looking for include:

1) Double Paned Windows

2) Energy Efficient Appliances

3) Upgraded Insulation

4) Efficient Heating & Cooling Systems

5) Tankless Water Heaters

All of the above will not only help your resale value, but until you decide to sell your home, they can help lower your utility bills.

Make sure you ask your real estate agent before making changes, because there may be other important items that buyers may be looking for in your area!

Contact me if you may be considering selling a home in Towson or surrounding areas. I would be so pleased to be of assistance!