This Month in Real Estate October 2015 has been released!

Home sales activity dropped to a pace of 5.3 million, which is down from the pace of 5.6 million projected home sales that we saw last month in This Month in Real Estate September 2015.

The median home price also dropped, to $228,700 from $234,000 last month. Though it is down from the past two months, it is still up 4.7% from the same point last year.

A good number to see drop is the the average interest rate, which dropped to an average of 3.91% from 3.93% last month.

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

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!