This Month in Real Estate September 2014 has been released!

Home sales activity rose slightly to a pace of 5.1 million, up from the 5.04 million we saw last month in This Month in Real Estate August 2014.

The median home price remained about the same as last month, $222,900 from $223,000 from last month.

The average interest rate dropped slightly to 4.10% from 4.13% last month.

In the Baltimore real estate market, we saw a drop in a number of areas, in terms of the volume of homes sold. This reminds me to note that the numbers in the video are national numbers. Our local Baltimore real estate sales can deviate largely with the national numbers. Some areas may see much higher home sales activity, while others may be on the low end. Real estate is VERY local!

Please contact me for more information about selling a house in Towson or the Metro Baltimore real estate area. I understand the nuances of the different Baltimore real estate markets!