This Month in Real Estate January 2015 has been released!

Home sales activity dropped to a pace of 4.93 million, down from the 5.26 million we saw last month in This Month in Real Estate December 2014.

The median home price dropped again, this time to $205,000 from $208,000 in December. This has been in decline since October 2014, but is up from January 2014.

The average interest rate dropped slightly to 3.8% from 3.99% last month.

Please note that the home prices and sales in the video are national numbers, and Baltimore real estate sales can deviate very widely with the national statistics.

Some areas, even within the Baltimore real estate market, may see much higher home sales activity, while others may be on the lower side.

Real estate is very local!

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