Harford County Real Estate Market Report November 2017
Harford County Real Estate Market Report November 2017
Harford County Real Estate Market Report - November 2017
Here is a quick glimpse into the Harford County Real Estate Market for November 2017.
October saw a total of 301 condos, townhouses, and single family detached houses sold. This is a jump of 10.26% from last October when 273 units changed hands. Year to Date, 3,236 units have sold compared to 3,219 that sold in the same amount of time, last year. This is an increase of 0.53%
Median Sales Price
The median price for those sold units was $245,000. This is a decrease of 7.55% from last year in October of 2016 when the median sales price of $265,000. More importantly, the year to date sales price is up 2.08% from $240,000 from this time last year. Year to Date, the detached single family homes have a median sales price of $310,000, up 3.68% from 2016. Townhouses are out pacing the market at an increase of 5.05%. The median sales price of a townhouse in Harford County is $210,000. Condos are at an increase of 1.91% up to $160,000 from $157,000 last year.
Supply and Demand
Currently in Harford County there is a 3.15 month supply of homes for sale. This means that if no other houses came up for sale, then all of the houses currently listed would be gone in 3 months and 4 days. The supply of single family detached homes is slightly higher at 3.41 months. Townhouses and condos remain in high demand at 2.82 and 2.58, respectively.
Putting It All Together
What does this mean if you are buying a home in Harford County?
Low interest rates continue to make housing more affordable then renting. Inventory is tight and multiple offers are common place when placing a bid on a house. Buyers must be prepared to act immediately if the house they want becomes available. Pre-approval from a reputable lender is a must. If you have a home to sell, it is important that the house you are moving from is at the very least listed for sale and if it is under contract even better.
What does this mean if you are selling a home in Harford County?
Demand for housing continues to be high. 28% of houses listed for sale in 2017, went under contract in less than 10 days. The key to selling for top dollar and in the shortest period of time is pricing the house properly and presenting the house in its most favorable light. Wondering what your home might be worth? Find out instantly with our 30-second home value calculator.
About Alexander Necker, Real Estate Sales Consultant
I specialize in selling the Baltimore Metropolitan’s Premier Homes.
I am an Eagle Scout. I mention this because the process of becoming an Eagle Scout provided me with the foundation by which I live my life. The values of trustworthiness, integrity, and helpfulness have allowed me to become the man I am today.
The words that describe me are:
Driver of my own professional destiny
Conduit for connecting people for professional development
Devoted husband with a wonderful wife
Father to 2 beautiful children with growing college funds
Student of Finance and Investments
After graduating college and starting a career in my field of study (agronomy), I quickly rose to the position of assistant and then superintendent of private golf courses. After 17 years in the golf business, I decided it was time to change to a career where I would not be at the mercy of the uncontrollable forces of sun, wind and rain. I chose a field where I would be the master of my fate, where the hard work and the long hours to which I am accustomed would be the determinant of my success.
The primary reason I am in the real estate business is to help people. A real estate transaction is one of the largest financial transactions you will ever undertake. Everyone deserves a real estate partner that understands and appreciates that fact. My focus on integrity, trust and communication are nothing less than I would want for myself, my family or friends entering into a large financial proceeding. I am committed to being the one real estate agent that keeps my client's best interests front and center.
In real estate, I consider myself to be a true professional in the same vein as the physician, the attorney and the accountant whom you must trust with the most important assets of your life. Nothing less is acceptable.
Alexander NeckerProudly Presents223 Mary Jane LaneBel Air MD 21015High
"When my cousin recommends someone to me, I know I can trust them. This is why I had no hesitation when he put me in contact with Alex Necker. As a 23 year old and a first time home buyer, I knew very little coming into this process — my main source of information had been HGTV. Due to personal circumstances, I didn't have much outside support, so I really leaned on Alex for help. He took baby steps with me when I needed it, but he also empowered me to make important decisions on my own. As cliché as it is, I truly felt like I was Alex's only client. He was always available to me and went above and beyond what I asked of him.
One of the best examples of this happened about half way through my search. There was a condo that I had dismissed because of the street that it was on. Shortly after I marked it as trash, Alex called me and told me that he thought it could be a good fit for me. Though I was still skeptical, I decided to trust him, and we went to see it. It turns out that I had misread the street name. Although the seller and I couldn't reach an agreement, I put an offer in on a property that I never would have looked at had Alex not been so diligent.
I highly recommend Alex to anyone looking to buy a home. He is proactive and knowledgeable, and he tailors his approach for each of his clients. He stuck with me for months, through market slumps and bid wars, and never once did I doubt his skill and dedication. Any realtor could have found me a property, but Alex helped me find a home.