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Neighbor News

SUMMER HOUSING STATS VIDEO for July 2016 are HERE!

House Prices soar with the Temperatures and are HOT HOT HOT!

With the market now in the midst of the popular summer selling season,
both home sales and prices are rising with the summer temperatures.
Homebuyer demand in June kept sales levels above last year’s by 0.7%,
with a strong increase of 9.4% over sales in May. The Median Sales Price
in June was $229,900, which marks a 2.2% increase over prices seen in
June 2015. As year-over-year price increases moderate, there’s a
positive impact on home affordability. The number of homes for sale in
June fell 15.6% from levels one year ago, making inventory supply a
significant challenge, especially in West Coast metros. At the rate of
home sales in June, the national Months Supply of Inventory was 3.2, a
slight improvement from the 3.0 supply seen in May.

VIDEO SUMMER STATS VIDEO for JULY 2016!!...>>>>>>>>

With Federal Interest Rates threatening to rise in the fall of 2016, NOW may be the best time to Buy! Thinking of Selling your Harford or Baltimore County home? Think Robert McArtor with Maryland Homes Team of RE/MAX Components!

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