Towson Real Estate

Zillow Outlook for Spring 2023 Real Estate Market

March 1st, 2023

Zillow's outlook for the Spring 2023 housing market is optimistic - especially for sellers. There are very few homes for sale as we enter the Spring 2023 housing market, which could make for a competitive home buying market for buyers. In the Baltimore real estate market, for example, the Baltimore Home Demand Index February 2023 [...]

Baltimore Home Demand Index February 2023

February 16th, 2023

The Baltimore home demand index for February 2023 was 77, a gain of 15 points to the "slow" category from the Baltimore home demand index for January 2023 that was "limited" at 62. (Note that the index is one month behind, meaning the data for the February 2023 report is from January 2023.) The Baltimore [...]

Towson 21204 Home Sales January 2023

February 15th, 2023

Towson 21204 home sales in January 2023 were down in a big way from January 2022. The total volume of Towson homes that sold in January 2023 was $1,649,000, down 81.66% from the $8,990,137 volume we saw in January 2022. It was also down from the $4,773,500 volume we saw in Towson 21204 Home Sales [...]

2022 Mid-Atlantic Housing Market Review

February 6th, 2023

The 2022 Mid-Atlantic housing market review from Bright MLS covers six states and the District of Columbia. It covers a little more than the "official" Mid-Atlantic area, going North to New Jersey and West to West Virginia. Here are the areas covered in the report: District of Columbia, Delaware, Maryland, New Jersey, Pennsylvania, Virginia and [...]

Home Buyer Optimism 2023

February 3rd, 2023

Home Buyer optimism for 2023 is still high after a very busy and competitive 2022. According to an article by NerdWallet, 1 in 9 of those surveyed plan to buy a house in the next 12 months. That would be 28 million homebuyers when applying to the whole country. Meanwhile, last year, only 6 million [...]

Four Reasons A Home Sale Contract Could Fall Through

February 1st, 2023

If you browse homes for sale on a regular basis, you may notice a few homes that have gone under contract but then come back up again as "Back on Market." Why would a home sale contract fall through? First, I want to note that each real estate contract is different and has different terms. [...]

Can I Remove My House Photos from Zillow and Other Websites?

January 30th, 2023

Can I remove my house photos from Zillow and other websites? The answer is both yes and possibly no. When a seller lists a home for sale with a real estate brokerage in the MLS (Multiple Listing Service,) at least here in Towson, Maryland, the listing agreement comes with terms about sharing photos and videos [...]

How Much of a Downpayment Do You Need to Buy a Home?

January 27th, 2023

How much of a downpayment do you need to buy a home? The long and short of it is that it depends on your situation, loan qualifications and loan type. That being said, according to a NerdWallet Home Buyer Report, 62% of Americans believe you need to put 20% down on a house. In reality? [...]

Towson 21204 Home Sales 2022

January 23rd, 2023

Towson 21204 home sales in 2022 were down from 2021. The total volume of Towson homes in 21204 that sold in 2022 was $105,374,234, down 24.21%  from the volume of $139,029,947 we saw sell in 2021. One hundred seventy-eight homes in 21204 sold in 2022, which is 39 less than 2021. The average sales price [...]

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