Posted on October 10, 2014 by Corey Hart
Oct

10

2014

Increase in closed sales led by detached homes; New pending sales up six percent

OVERVIEW

In September, both buyer and seller activity in the Baltimore Metro Area increased relative to 2013.  The number of closed sales and new pending contracts increased from this time last year and both reached multi-year September highs.  Nearly every jurisdiction in the region had more closed sales than in September 2013, with only those in Anne Arundel County decreasing, falling by 5.2 percent.  Inventory continues to rise with active listings reaching the highest total in nearly three years.  New September listings contributed to rising inventory and had a double-digit increase from last year.  The median price was virtually unchanged from last year, dropping only 0.1%, but was higher than the September-levels of 2009 through 2012.  The year-to-date median sales price is $244,000, unchanged from the same period in 2013.

Posted on September 10, 2014 by Corey Hart
Sep

10

2014

Mild increase in closed sales; Prices dip slightly from last year

OVERVIEW

The housing market in the Baltimore Metro Area continued its mixed performance in August.  The number of closed sales increased 1.1 percent from last year, driven by townhomes, which were the only property segment with sales growth.  The number of new pending contracts also increased, rising 7.7 percent from last August.  Every property segment had gains in new pending contracts.  But the median sales price decreased 2.8 percent from August 2013, with declines for all property segments.  This is the second consecutive month of year-over-year declines in the median sales price and the first time in nearly three years for every property segment to decline.  The number of homes for sale continues to rise and active listings increased 24.0 percent from last year, but only reached 69 percent of their peak-level.  New listings continue to contribute to this increase and have now risen from the prior year for 17 consecutive months.

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Posted on August 10, 2014 by Corey Hart
Aug

10

2014

Declines in closed sales, though contract activity increases

OVERVIEW

The Baltimore Metro Area housing market performance was mixed in July.  While the number of closed sales decreased for all property segments from last year, all property segments had more new pending contracts than last year.  Closed sales for townhomes fell the most of the property segments, but also had the largest increase in new pending contracts.  The median sales price decreased by 3.1 percent from last July, driven by declines in single-family detached homes and townhomes.  But the median sales price remains higher than its July-levels in 2009 through 2012.  Inventory continues to rise and active listings reached their highest level of any month since November 2011.  However, the number of homes for sale remains low, at just 68.6 percent of its peak-level.

Posted on July 10, 2014 by Corey Hart
Jul

10

2014

Increases in closed sales and new pending sales

OVERVIEW

In June, the housing market in the Baltimore Metro Area improved relative to last year, with both buyer activity and seller activity above their year-ago levels.  Closed sales and new pending sales increased by 2.8 percent and 3.2 percent, respectively.  The increase in closed sales was driven by townhomes and single-family detached homes, while the increase in new pending sales was driven by single-family detached homes alone.  The number of homes for sale continues to increase and active listings climbed 22.2 percent from last June.  The number of active listings reached its highest level in over two years but is only 67.7 percent of its 2008-peak.  New listings continue to increase, rising 19.8 percent from last year. 

Posted on June 10, 2014 by Corey Hart
Jun

10

2014

Inventory up 18.6 percent from May 2013

OVERVIEW

The Baltimore Metro Area continued the pattern of flat buyer activity in May.  Closed sales and new pending contracts were essentially unchanged from last May as closed sales increased by one sale and new pending contracts decreased by one contract.  But both were above their May-level 10-year averages.  Seller participation continues to increase and both active listings and new listings rose.  Active listings increased 18.7 percent, bringing the number of active listings to its highest level in over two years. 

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