This Month in Real Estate February 2016 is out!
Home sales activity rose to a pace of 5.5 million up from the pace of 4.8 million projected home sales that we saw last month in This Month in Real Estate January 2016.
The median home price rose to $224,100 up from $220,300 last month. This is up 7.6% from the same time last year.
The average interest rate dropped again, this time to an average of 3.81% from 3.96% 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 previous “This Month in Real Estate” posts, 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!