The Housing Market
People keep asking me about the ever changing housing market and has it leveled off. In my opinion prices have leveled but hard times are not over yet. Here are some statistics for March 2010 vs. March 2009
21228 (Catonsville) – Prices increased by 1%
21227 (Arbutus) – Prices declined by 2 %
21042 & 21043 (Ellicott City) – Prices increased by 18%
21045 & 21046 (Columbia) – Prices Increased by 6%
21117 (Owings Mills) – Prices Increased by 12 %
21093 (Lutherville) – Prices Increased by 19%
Don’t jump to any conclusions yet because much of this could be caused by the increased demand from buyers who want to get a home before the Tax Stimulus expires on April 30th. Both January and February showed a decline in the sales price in 2010 compared to 2009. The other factor is interest rates are still at record lows.
Many people like to know what their current home values are if for no other reason than pure curiosity. If you would like to know what homes are selling for in your community please feel free to email me with your address and I will send you a Market Analysis FREE.
“If you know of anyone looking to purchase or sell a home I hope you will send them my way. I love referrals”
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