Foreclosure sales continue rising; Prices for non-distressed home sales jump 8.4 percent year-over-year
Rockville, MD – (February 10, 2015) – The following analysis of the Baltimore Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on January 2015 MRIS housing data.
The Baltimore Metro housing market began the year well, with large increases in sales, prices, new contracts and inventories compared to January 2014. Closed sales of 1,786 increased by 18.4% from January 2014. Single-family detached median prices rose 7.6% to $285,250, condos rose 0.7% to $186,250, and townhomes experienced a substantial 26.9% increase in sales but a 15.9% decline in median price to $134,450.