Posting ID : B1008513268
Date Posted : 2012-04-30
Group : Real Estate By Broker
Baltimore County Shows Healthier Home Signs
Bidding wars are breaking out, prices rising in one of Maryland's hardest-hit markets
The Baltimore County housing market is showing signs of improvement, even generating bidding wars among buyers for well-priced homes.
The Baltimore County area was one of the hardest hit by the foreclosure crisis. Prices have fallen 30% form their peak.
Now, "We list a property and, within two or three days, we have multiple offers," says Aaron Rice of the Maryland Luxury Group of Keller Williams Realty Baltimore.
While frustrating for buyers attempting to get homes at rock-bottom prices, it's a healthy sign of healing in a market scorched by the housing bust five years ago, say local Realtors and real estate experts.