This Month in Real Estate December 2015 has been released.
Home sales activity dropped to a pace of 5.4 million, down from the pace of 5.6 million projected home sales that we saw last month in This Month in Real Estate November 2015.
The median home price dropped again, to $219,600 from to $221,900 last month. Though it has been down the past three months, it is still up 5.8% from the same point last year.
The average interest rate rose to an average of 3.97% from 3.79% last month.
Please note that the home prices and sales activity in the above Keller Williams Realty video are national numbers.
As I have mentioned in the past, Baltimore real estate activity can be very different from the national statistics. There are some areas, even within our local Baltimore real estate market, that may see higher home sales activity, while there are others that may see less than the national averages.
For more information about buying or selling a house in Towson or if you are considering buying or selling Timonium real estate, please contact me. I understand many of the Baltimore real estate markets!