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.

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. 

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...

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. 

Posted on August 10, 2012 by Corey Hart
Aug

10

2012

Back-to-back months of historic lows for new listings

Rockville, MD – (August 10, 2012) – The following analysis of the Baltimore, MD Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on July 2012 MRIS housing data.

Click here to view PDF version of this report

OVERVIEW

Demand in the Baltimore Metro housing market remains strong into the summer months as evidenced by consistent growth in sales and new contracts. At the same time, the inventory of active listings continues to decline, perhaps an indication that economic uncertainty is keeping many potential sellers in their homes. The increased sales activity coupled with the diminishing supply is putting upward pressure on area home prices. The median sale price in the Baltimore Metro region is $25,000 higher than this time last year, and all jurisdictions in the region posted year-over-year median sale price gains for the second straight month. Townhome price gains have consistently outpaced detached-homes and condos over the past eight months, while the condo market has led all property segments in new contract growth over the past four months.

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