Existing home sales rise nearly 4% over July 1992

August 15, 1993|By Frank Lynch | Frank Lynch,Staff Writer

Sales of existing houses in Harford County remain strong, according to figures furnished by a regional real estate listing service.

According to the Central Maryland Multiple Listing Service, settlements were made on 219 homes in the county last month, a 3.7 percent increase over the 211 reported in July 1992.

Through the end of July, Harford was running 6 percent ahead of the first seven months of 1992 in both the number of homes settled and total dollar sales volume.

So far this year, 1,261 homes have been sold for a total of about $15.9 million. This compares with 1,184 and $15 million through July 1992.

Among metro areas covered by the listing service, only Harford had an increase in settled houses through the end of July. Baltimore County's figures were down 8 percent, while Baltimore City and Howard and Carroll counties showed no significant change compared with 1992 totals. Anne Arundel County is not included in the Multiple Listing Service.

Pending sales, or those under contract but not settled, also increased for the fourth consecutive month.

Contracts were taken on 180 county homes last month, as compared with 167 in July 1992, a 7 percent gain.

Harford is also the only metropolitan county that showed an increase in new listings. A total of 398 houses were put on the market last month, up 4 percent over the 382 in July 1992.

The region showed an increase last month in both settled houses (from 1,827 to 1,699 -- up 7 percent) and in total dollar sales volume (from $24.7 million to $21.7 million -- up 13 percent).

The average selling price for a home in the region is $135,528, up 5.9 percent over the $127,897 in 1992.

Harford houses are selling for an average of $129,303.

Sales figures for Anne Arundel County are furnished by the county's Association of Realtors.

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