During this pandemic, it may seem a little odd to be looking at the Real Estate market stats. However, eventually this will be over and things will return to “normal” (whatever that means). When that happens a lot of people will be analyzing the current state of our economy. They will wonder what impact it had on their investments – and for most of us, our home is our biggest investment. Therefore, it’s a good idea to know what is happening now – not waiting until it’s “over.”

Comparing March, 2020, to March 2019, the stats tell us that although fewer homes were sold, those that did sell, sold for almost 5% more than a year ago. Almost every category of home (detached, attached, condo) sold for more this year than last.  The sole exception being townhomes with 4 or more bedrooms. Those took a small dip (less than $1,000) in their sales price. The type of home with the biggest leap? Detached homes with 2 or fewer bedrooms. They jumped 29.6% in price.

Keep in mind that these are the averages for the entire county. If you want detailed information about your neighborhood, or have other Real Estate questions, shoot me an email!

Published by staceyalleyrealtor

I moved to Harford County in 1993 and fell in love with the area, it's location (so close to Baltimore, Washington, DC, and Philadelphia), and it's people. I have spent over 20 years in the Real Estate industry - mostly educating people so the process isn't so scary.

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