baltiMORE Real Estate Update

Breaking news: Justlistem just signed on with the state of Maryland. How awesome is that? We are so excited to be working with brokers around the nation helping people like you sell their home and save A LOT of money. 

To kick off our new partnership with the “Free State” of Maryland, we’ve decided to highlight one of Maryland’s largest cities: BALTIMORE. 

Baltimore's Inner Harbor

Home to two great professional sports teams: the Baltimore Orioles MLB team and the Baltimore Ravens NFL team, home to an incredible aquarium, and incredible industry, Baltimore is a city that is rich with history and thriving with culture. It is also booming with diverse real estate.

Here are this week’s stats for BALTIMORE:

Average mortgage rates at of June 14, 2009 in the state of Maryland and City of Baltimore are:

• 30-year fixed mortgage is 5.63%
• 15-year fixed mortgage is 5.21%
• 30-year fixed JUMBO mortgage is 6.59%
• 15-year fixed JUMBO mortgage is 6.21%

Homes for SALE [as of June 14, 2009]:

• There are currently 3,830 homes for sale in all of Baltimore
• There are currently 3,269 existing homes for sale
• There are currently 0 NEW homes for sale
• There are currently 561 foreclosures 

House appreciation:

• Housing median value: $221,643
• Appreciation is down 4.8%

Sales prices:

• Average sales price for a home in BALTIMORE as of April 2009: $129,611
• Average sales price for a home in the STATE OF MARYLAND as of April 2009: $273,945
• This is a difference of $144,334

Average days on the market:

• The average for the STATE OF MARYLAND, 83 days
• The average for BALTIMORE, 78 days

Okay, so what do these numbers mean? Baltimore is incredibly hot right now and perfect for a first time home-buyer! With a lower number of average days on the market than the overall State of Maryland and and lower average selling price, Baltimore makes for a great deal.

For sellers, having a lower number of days on the market means money in your pocket faster. 

Now is truly the time to buy, sell, and invest in real estate. And when considering selling your home, always trust Justlistem. You will be guaranteed to save THOUSANDS of dollars by paying a simple flat fee and not worrying about commission for the middle man.