Winter 2012 Market Update
Interest rates are historically low

Average Home Price $315,000 - View Graph Trend
Average Price Compared to Last Year Up from last year
Average Time on Market 0-30 days
Prices As % of Asking Price 100%
Market Trend Increasing
Buyers’ or Sellers’ Market More buyers than sellers
Multiple Offers?Yes
Housing Inventory Limited Supply
Greatest Activity First time, move-up and repeat buyers, single-family homes, condos/townhome
Reason to Buy/Sell
Nearest Metro AreaBaltimore, MD
Housing Hot SpotsEntire area
Average Sold Price $315,000 - View Graph Trend

Owings Mills Local News

Local Summary: Demand for housing has resulted in a limited supply. Sellers are receiving multiple offers at asking price. Available listings are averaging 30 days or less on the market.

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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The Dave Therrien Group
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The Dave Therrien Group
Keller Williams Flagship of Maryland
Keller Williams Flagship of Maryland

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