Growth trend for new listings continues, good news for buyers; Lowest median days-on-market since the end of 2005, sellers take notice
The Baltimore Metro Region housing market continues to show signs of strength relative to last year, and some indicators are at multi-year highs. Sales and new pending contracts rose at double-digit rates for the third month in a row, and the median sales price is nearing its pre-recession level. The number of active listings in the market continues to fall, and remains at an 8-year low. New listings on the other hand are trending upward, growing at a double-digit rate for the third consecutive month. The condo market has rebounded considerably from last year, and led all property segments in terms of growth rate for several indicators including sales, new contacts, and new listings.
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