Home Market Trends August 2017
Whether you are looking to purchase a home as a first-time home buyer, or as an experienced investor, it will be important for you to consider the latest market trends as you begin your search for the perfect home.
This information can provide you with insight into key price indicators and as Owings Mills mortgage professionals, we are here to make sure you understand this information and know how best to use it.
Throughout our experience in the mortgage industry, we have learned that local market news and trends play very important roles in the mortgage process, as they help our clients determine when and where to purchase their new home.
According to a reputable real estate website, the median value of homes in the Owings Mills is was recorded at $242,100 near the end of July 2017. This home value statistic indicates that the median home value has risen close to 2% since the same point in time last year.
Real estate experts are predicting that the value of Owings Mills homes will continue to rise over the next year, just as they should continue to rise in the nearby city of Baltimore.
Even with increases in the median home value in the local area, Owings Mills is still considered more affordable than Upperco, Cockeysville, Lutherville-Timonium, and Woodstock.
As Owings Mills mortgage experts, we are proud to offer our clients the knowledge we possess of the local market as well as the benefit provided by our experience working and living in the local area.
If you have made the decision to purchase a home in Owings Mills, we are here to help you find out how much you can afford and what mortgage options are best for your situation. Give us a call at (443) 471-4310 to setup your consultation with us today!