As of June 13, 2015 there are 24 active listings in Baltimore County that are priced between $1,000,000 and $1,200,000. Since March 1, 2015 there have been 8 sales in Baltimore County in this price range, and 6 more are under contract.
If sales are averaging approximately 3 per month, then we are looking at an eight-month inventory currently on the market, with more listings being added daily.
What does this mean if you are a seller in this market at this price?
“Buyer’s have more choices. They are being more discriminating and taking their time looking. I have clients who have waited to put their homes on the market, afraid that they might not find what they are looking for – I don’t think that’s a problem anymore – at least not for the buyers. But now my sellers may face more competition.” – Whit Harvey
How does your home compare to similar ones in your area or even in your neighborhood? Is your kitchen up-to-date? Is the master bath up to current standards with double vanities and step in shower? What are other homes in your community selling for? Good agents, like those at the Whit Harvey Group can help you price your home to sell based on these comparisons. Click to read more.
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