The past year, as most of us know, has shown a volatile real estate market in the Towson, Timonium, and Hunt Valley marketplace.
The statistics revealed, however, were very unusual. The sale prices varied very widely BY WEEK! (View the full two page chart here)
What does this mean for Towson homeowners?
It means that an exact number can’t be reached in terms of the value of your home. The price fluxuation is consistent with the interest rate flux. Depending on the interest rate, your home could be worth more or less this week!
It also means that if you are thinking about selling, you have to anticipate the market, and price on the lower side. Page two of the Market Dynamics chart shows median prices, and the ones they don’t sell are the ones that are priced too high!