Here's How Houses Sell In Baltimore

Lorraine Mirabella of the Baltimore Sun has written an article in which she analyzed the real estate market in the City of Baltimore and the five surrounding counties. Here's what she discovered.

In November, the average time on market in Baltimore was 105 days. Oddly enough, 13-percent of the 1,892 homes that sold in that area went under contract in only two weeks or less according to data from Metropolitan Regional Information Systems, Inc.

Those 251 homes averaged only seven days from listing to selling. For the most part, they were older homes with 3-bedrooms and 2-baths. The homes had an average selling price of $304,355, which is about $4,000 under the overall average price in that area.

Now, here's the important part of this analysis. The information shows that fast selling homes in a slow market have three commonalities ...

1. They are priced lower than comparable listings;
2. They are well maintained and show like model homes;
3. They have a full marketing program behind them which includes great internet photos.

Seems like I've heard this formula for success before.

I don't know how many times I've written it, but we are in the most price sensitive market I've ever seen. In a market like this, only the best values get sold.

Follow the three stops above if you want to sell your property. The proof is in Baltimore.

For more information on real estate in the Tampa Bay area, visit my website at http://www.thestpeterealestatesite.com/.

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