October 27, 2017

October 2017 Baltimore Real Estate Market Conditions

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According to the National Association of Realtors, this month's projected home sales dropped to 5.3 Million, compared to 5.4 Million last month. 

The National Median Home Price also dipped to $254k this month, compared to $258k last month. That's down 1.8% from last month, however it is up 5.6% from this time last year. 

The National average for a 30 year fixed mortgage rate decreased to 3.83% compared to 3.86% from last month. 

Now, how do all these numbers affect you? Well, interest rates are continuously dropping, which is good for you if you are planning on buying a home. Meeting with a mortgage professional is your first step in securing the keys to your new home, making sure you are pre-approved and qualified to purchase a home is the biggest and most important thing you can do in your home buying process. Then meeting with someone, like me, to assist you in finding the perfect home for you using strategic plans that fit your needs and negotiating to get you the best deal. 

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