Reisterstown Real Estate Market - View Reisterstown Real Estate Market Trends in Maryland

Spring 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 Area	Baltimore, MD

Housing Hot Spots	Entire area

Average Sold Price	$315,000 - View Graph Trend

Reisterstown 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.

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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