A Harford County Real Estate Snapshot: Comparison of sales from 2007 to 2008

Using the MRIS search available on the Baltimore Sun’s website, The Dagger was able to gather home sales data which compares the market conditions from the first half of 2007 to the first half of 2008.

At first glance, it appears that Edgewood and Forest Hill have been hit the hardest by the real estate slump.   Could Edgewood’s decline be due to the increase in violence (or at least it’s media coverage)?  Maybe it’s just because a large townhouse development opened in early 2007?  What about Forest Hill?  Were the homes overpriced compared to the surrounding areas that did not experience similar price drops?

21001, ABERDEEN

January – June 2007 Number of sales:     135 Average price:     $217478 January – June 2008 Number of sales:     89 Average price:     $211860 Price change:     -3% Sales change:     -34%

21009, ABINGDON

January – June 2007 Number of sales:     345 Average price:     $265622 January – June 2008 Number of sales:     249 Average ...Continue Reading

Tags: harford county, home sales, MRIS data, real estate