Home Price Growth at 6-Year High, According to the S&P/Case-Shiller Home Price Indices

Perry Hall, MD Home Price Growth

% Change

 Avg Sales Price

 $321,075  +2.72%


Data through January 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller1Home Price Indices, a leading measure of U.S. home prices, showed average home prices increased 7.3% for the 10-City Composite and 8.1% for the 20-City Composite in the 12 months ending in January 2013.

All 20 cities posted year-over-year gains with Phoenix leading the way with a gain of 23.2%. Nineteen of the 20 cities showed acceleration in their year-over-year returns. Despite posting a positive double-digit annual return, Detroit was the only city to show a deceleration.After 28 months of negative annual returns, New York came into positive territory in January.

So how are we faring here in Perry Hall, MD. The picture isn't as rosy as you can see by the Chart on the right, however there is Modest Growth. All indications are that the Market is on a continued upswing. For Buyers, Interest Rates remain at or below 4% which means you have Buying Power.

If you are looking to Buy, or Sell your home in Perry Hall, or any of the Surrounding Area, Please Contact Cathy & Joe Balcar, Realtors® with EXiT Preferred Realty . Cathy & Joe are your local experts specializing in Residential Re-Sale. We are here to help all Buyers & Sellers. Serving, but not limited to, Perry Hall, Parkville, Towson, Rosedale, Essex, Dundalk and the Greater Baltimore Area. Please call us at 443-253-0741