Jump in Harford realty sales led region in June Increase in dollar volume also was tops

July 18, 1993|By Frank Lynch | Frank Lynch,Staff Writer

Harford County had the highest percentage increase in th metropolitan region last month for both the number of settled residential real estate contracts and total dollar volume.

According to figures released by the Greater Baltimore Board of Realtors, county settlements totaled 297 in June, a jump of 39 percent over the 213 units settled in June 1992.

The total dollar volume of settled units in the county also increased by 34 percent over June 1992 figures.

Year-to-date figures indicate that Harford is the only metropolitan area showing gains in both settled units and dollar-volume categories.

Continued low interest rates have kept the market active and contributed to a 13 percent increase in pending sales, which numbered 233 in Harford last month, as compared with 207 a year ago. Pending sales, or those that are under contract, increased 21 percent throughout the region.

Overall, the metropolitan area produced a 4 percent gain in settled units, with 1,881 last month, compared with 1,804 for the same period in 1992. Carroll County, with a gain of 17 percent or 197, was second to Harford's total of 297. Baltimore County rose 2 percent to 661, while Howard County and Baltimore City both fell 5 percent, with 273 and 394, respectively.

The total dollar volume of settled units in the region increased nearly 2 percent, from $239,819,371 in 1992 to $244,594,340 last month. Carroll County was again second to Harford in June's settled dollar volume, with $28,028,249.

Year-to-date figures in both settled units and settled dollar volume fell 6 percent in the region, while the number of pending sales dropped 4 percent.

Sales in Anne Arundel County were also brisk. June figures released by the county's Association of Realtors found a 14 percent increase in settled units and 15 percent rise in pending sales, as compared with June 1992.

In addition, the price of houses in Anne Arundel County rose last month over figures for a year ago. The median price for a house there last month was $135,000, nearly 5 percent greater than the figure for June 1992.

Despite robust sales and pending contracts, new construction in Harford County fell.

The number of residential building permits approved last month plummeted nearly 76 percent compared to June 1992. A total of 603 permits were approved in June 1992 compared with 148 last month.

However, that figure is expected to jump later in the summer with construction starting on Spenceola Farms on Route 24 in Rock Spring between Bel Air and Forest Hill.

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