White Marsh Real Estate Market Conditions & Reports, White Marsh Market Trends, Maryland

Market Commentary Provided by Susan Rahn Associate Broker
Don’t miss the boat!!! Rates are still at historical lows; inventory (and thus your choices) is starting to decrease; and the $8k tax rebate goes away as of December 1, 2009. You have to have closed on the house by then and we are seeing days to get to closing increase because of lender backups (allow 45-60 days after you are under contract). DON’T WAIT!!!!! If you can qualify, now is an exceptional time to buy a home in White Marsh. Call now for more information at 443-854-0633

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Susan Rahn Associate Broker
Keller Williams Realty Flagship of Maryland
Perry Hall, Maryland
443-854-0633
Homes@SusanRahn.com
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Nearest Metro Area

Baltimore

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$400,000 - View Graph Trend

Best Selling Price Range

$300,000 - $349,000

Worst Selling Price Range

$600,000 - $649,000

Compared to Last Year

Down 5-10%

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in White Marsh is

Increasing

Seller Activity for the past 90 days in White Marsh is

No Change

Is Financing Available For Qualified Buyers in White Marsh?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

10-15%

Housing Hot Spots

Most cities within the Baltimore County area are considered 'Housing Hotspots'.

Reason to Buy/Sell

Lower prices with good selection and competitive interest rates creates a perfect time to buy in White Marsh! The White Marsh area is also feeling the effects of BRAC which steadily reduce the inventory. Of course, we don\'t want to forget the $8k tax credit for anyone who has not owned in the last 3 years.

Average Sold Price

$400,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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