This Month in Real Estate December 2014 has been released!

Home sales activity rose to a pace of 5.26 million, up from the 5.17 million we saw last month in This Month in Real Estate November 2014, which had been up from October as well.

The median home price dropped again, this time to $208,000 from $210,000 in November, which had been down from the $219,000 we saw in October, which also had been a drop.

The average interest rate rose slightly to 3.99% from 3.97% last month.

The home prices and sales in the video are national numbers, and our local Baltimore real estate sales can deviate very widely with those national statistics. Some areas, even within the Baltimore real estate market, may see much higher home sales activity, while others may be on the low end. Real estate is extremely local!

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