This Month in Real Estate May 2015 has been released!
Home sales activity rose to a pace of 5.2 million, up from the 4.9 million we saw last month in This Month in Real Estate April 2015.
The median home price also rose, to $212,000 from $202,600 last month. It is also up 7.8% from the same point last year!
The average interest rate dropped, which had been on the rise. It dropped to an average of 3.65% from 3.78% last month.
Please keep in mind that the home prices and sales activity in the above Keller Williams Realty video are national numbers.
As the video states, real estate is very local, and our area is no different. 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!