Baltimore Metro Prices Continued Late Year Surge in December
Posted on January 10, 2013 by Corey Hart
Jan

10

2013

Condos lead in sales, new contracts, and price gains

OVERVIEW

The Baltimore Metro housing market has experienced considerable improvement this past year.  Most indicators point to a healthier market going into 2013, and the trend continues in December with year-over-year growth in sales, new pending contracts, and the median sale price.  The most striking aspect of the 2012 market has been the diminishing supply of homes for sale.  Active listings continue to plunge, and have fallen below 10,000 for the first time since February 2006.  This pattern appears to be slowly changing, as new contracts have been hovering around the 2011 level for the past 5 months.  The condo market continues to see the most growth activity, and leads in year-over-year gains in sales, new contracts, and median sale price.  As we continue through the winter season, it is unlikely that a dramatic surge of new listings will enter the market.  This should keep upward pressure on prices as long as buyers remain active.  If the inventory becomes too low, many buyers might decide to wait it out until more options become available, which could bring prices down in the near term.

Read More
Baltimore Metro Area, market analysis, press release
Slow and Steady November Price Gains in Baltimore Metro vs. 2011; Sales Up Sharply
Posted on December 10, 2012 by Corey Hart
Dec

10

2012

Slow and steady gains persist for several key indicators relative to last year; Highest proportion of condo sales on record for the metro area

OVERVIEW

Activity in the Baltimore Metro housing market remains steady, up slightly from last year, but the rate of year-over-year growth is slower than earlier in the year for many indicators. Historically sales decline between October and November, but the uptick in new contract activity last month led to a rise in sales in November. Year-over-year growth in new contracts remains, but is down considerably across all property segments this month, which could be an indication of cooling market demand. Condos continue to increase market share, reaching their highest proportion of sales on record in November.

Read More
Baltimore Metro Area, market analysis
Baltimore Metro Market Remained Stronger than Last Year in October
Posted on November 12, 2012 by Corey Hart
Nov

12

2012

Market activity slows with the season, however indicators are stronger than last year; Price growth flattens, despite shrinking inventory

OVERVIEW

The Baltimore Metro housing market remains stronger than last year, but a seasonal slow-down is taking place throughout the region.  Sales numbers declined from last month, with the sharpest drop occurring in the single-family home segment.  Condo sales, on the other hand rose, which could be due to their lower price points.  Proportionally, condo sales continue to grain traction within the market, which could suggest a change in location preferences in the active buyer market. 

Read More
Baltimore Metro Area, market analysis, press releases
September Sales and Contract Activity Outpace Previous Year's Levels in Baltimore Metro
Posted on October 10, 2012 by Corey Hart
Oct

10

2012

Both measures below the 10-year September averages; Prices relatively stable, low inventory playing a role

OVERVIEW

Sales activity has slowed in the Baltimore Metro Area housing market as we end September. All property segments posted lower than average sales for the month, which could be an early sign that demand has weakened. New contract activity is also down relative to the 10-year September average. Despite the slower growth, sales activity, new contracts, and median sales price are all above their September 2011 levels, and in many cases are at multi-year September highs, which indicates a...

Read More
Baltimore Metro Area, market analysis, press release
Baltimore Metro Demand Continues into Late Summer, Highest August Sales in 5 Years
Posted on September 10, 2012 by Corey Hart
Sep

10

2012

Active listings shrink, drop below 12,000 for only the 2nd time since 2006

OVERVIEW

The Baltimore Metro housing market continues to exhibit signs of strength compared with last year.  Both sales and new contracts had double-digit growth from August 2011.  The median sale price for the metro area also rose from last year albeit slightly.  If demand persists into the fall, the shrinking inventory of homes for sale will continue to play a major role in the market.  Currently, the low supply of active listings is putting upward pressure on prices, decreasing days-on-market (down 17 days from last year), and increasing the average sale-to-list price ratio (up 3.5 points from last year).  Many people are likely keeping their homes off the market due to continued economic uncertainty, preferring to wait it out. 

Read More
Baltimore Metro Area, market analysis, press release

RBI Sign In




Forgot password? Click here...