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September 28, 2007

Home sales over the years

Out of professional interest and innate curiosity, I pulled home sales numbers from Metropolitan Regional Information Systems Inc. to see how the first half of this year stacks up with history. (History being a relative term: MRIS, which runs the multiple listing service, has data for the Baltimore metro area only back to March 1999.)

You can really see why sellers are feeling the pinch.

Here's one of the graphs I worked up:

HomeSalesFHbetter.gif

But perhaps even more telling is what happened to the unsold home numbers.

Listings of homes in the Baltimore metro area soared:

ListingsFH.gif

And here's one last graph. (Well, not the last ever, just for the moment.) This puts the two together to show the number of unsold homes for every home sale in an average month.

 

ListingsPerSaleFH.gif

I'm using the MRIS definition of the Baltimore area, by the way. That's Anne Arundel County, Baltimore City, Baltimore County, Carroll County, Harford County and Howard County.

Not enough stats for you? You can look at the numbers directly at MRIS

 

Posted by Jamie Smith Hopkins at 1:06 PM | | Comments (0)
Categories: Number-crunching
        

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
Baltimore Sun articles by Jamie
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