This Month in Real Estate July 2015 has been released!

Home sales activity rose to a pace of 5.4 million, which is up from the pace of 5.04 million projected home sales that we saw last month in This Month in Real Estate June 2015.

The median home price rose to $228,700 from $219,400 last month. It is also up 7.9% from the same point last year!

The average interest rate rose to an average of 4% from 3.84% last month. Over 4% average interest rate is higher than we’ve seen for some time!

Please understand that the home prices and sales activity in the above Keller Williams Realty video are national numbers.

Baltimore real estate sales can deviate very widely 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 be on the lower end.

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