Nov. house resales up 18% in Harford

December 06, 1992|By Frank Lynch | Frank Lynch,Staff Writer

House resales in Harford County soared 18 percent in November over the same period last year, according to the Greater Baltimore Board of Realtors.

"I think that people feel that we are on our way out of the recession," said Andrew J. A. Chriss, president of the GBBR. "Buyers are feeling more confident and are taking advantage of the continued low-interest rates. The fact that sales have shown an increase over 1991 for the sixth month in a row is a very good sign."

Figures show 162 units were settled during the month compared with 137 during the same period last year.

The pending sales rate jumped 20 percent to 153 compared with 127 in 1991. That figure was one percentage point point more than the overall Baltimore-area total increase of 19 percent.

Harford's dollar volume on settled residential sales was up 15 percent, with $20,450,133 last month compared with $17,771,673 for November 1991. The average price of a house in November 1992 was $126,235, a 2 percent dip from the 1991 figure of $129,720, the GBBR reports.

New listings in Harford County rose 7 percent to 334 from 311 last November.

Harford's year-to-date figures in all categories increased 10 percent, slightly ahead of the 9 percent rate for the Greater Baltimore area.

Howard County leads the area in settled dollar volume with $46,558,992, 48 percent more than last year's volume. The average price of a home in Howard County in November was $197,284, an increase of 7 percent over 1991.

Sales of houses in the Baltimore area jumped 16 percent, to 1,438, compared to the November figures of a year ago. The November sales statistics marked the sixth consecutive month that the settled unit figure has increased in the Baltimore area.


Kent and Judy Kocher, owners of the Little Professor Book Center in The Festival at Bel Air, received the Professor's Choice award at the organization's annual convention.

The award, is given to owners who have excelled in marketing, staff management, direct mail, community involvement, financial and inventory management, and support of the franchise organization.

"Every year we honor those franchise owners who are the best of the best," said John Glazer, vice president of operations at Little Professor, the nation's largest organization of independent booksellers.

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