Harford County Housing Market May 2017
There was an increase in total units sold in May, with 406 sold this month in Harford County Real Estate versus 344 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 2% versus May 2016.
Last May, the median sale price for Harford County Homes was $243,000. This May, the median sale price was $260,875, an increase of 7% or $17,875 compared to last year. The current median sold price is 6% higher than in April.
This month there were 577 homes newly listed for sale in Harford County compared to 544 in May 2016, an increase of 6%. There were 438 current contracts pending sale this May compared to 372 a year ago. The number of current contracts is 18% higher than last May.
As you can see the spring market is heating up as summer approaches and there is new inventory to choose from. With interest rates starting to rise now is a great time to buy and with prices increasing the market is as strong as it has been over the past couple years.
Harford County Association of REAL TORS® is a non-profit professional trade association with over 1,350 members dedicated to the preservation of real property rights and our community. REAL TOR® is a registered collective membership mark which may only be used by those real estate professionals who subscribe to the REAL TOR® organization's strict Code of Ethics, and who are members of the National, State and Local REAL TOR® organizations.
Harford County Association of REALTORS, Inc.
2227 Old Emmorton Road #117
Bel Air, MD 21015