Perry Hall's May Real Estate Stats Look Positive

The total number of homes sold in the Perry Hall area in May is up more than double from 2012, while the average number of days for homes on the market is down, according to statistics compiled by Real Estate Buinesss Intelligence. 

View the full breakdown here. 

"Perry Hall saw a 19 percent price increase year-over-year driven by, among other things, the low inventory available on the market," Andrew Strauch, director of product innovation at MRIS, wrote in an email. "With inventory being approximately 20 percent less than it was last year, average days on market have dropped considerably from 144 to 44, an almost 70 percent decrease. Rising prices have not yet inspired more owners to put their property up for sale, but this will change at some point.” 

The 21128 housing market shows positive growth in all categories in a year over year comparison, the graph below will show. 

The total value of homes sold in the Perry Hall area in May totals $6,788,798—a 60.06 percent increase over May 2012. Buyers closed on twenty-three homes, up 53.33 percent from the same time last year. 

Another keen indicator of positive growth in Perry Hall's real estate market can be attributed to the decline in the average number of days homes spent on the market. The graph shows homes sold in May spent an average of 44 days in the market, down a staggering 69.44 percent. 

Be sure to keep an eye on our Friday newsletters for the latest list of open houses for the coming weekend, courtesy of Zillow. 

The following statistics were compiled by Real Estate Business Intelligence, an MRIS subsidiary:

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