This Month in Real Estate for October 2010 is here, and is showcasing undervalued markets across the US.
Pending home sales in the south, which the Baltimore housing market is part of, rose 1.2%, according to the National Association of REALTORS. Historically, more pending sales tend to eventually lead to higher prices, which is good news for Baltimore home sellers.
Bryon Ellington discusses in “News You Can Use”, that there are many areas where houses are still very much undervalued — even if they aren’t foreclosures or short sales.
The Baltimore housing market is still considered “overvalued” by 2.40%, down from its’ high point of 28% in 2006, according to the research by IHS Global Insight, and reported by CNNMoney.
To me, this says that the Baltimore real estate market has evened out, and it is a good time to buy.
Contact me to take advantage of this Baltimore real estate market!
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