A closer look at local home sales
If you've been following along at home, you know that the Baltimore metro area's housing market had slightly lower average prices last month and a big drop in sales. But if real estate is really about location, location, location, wouldn't it be useful to know what happened at a more local level?
I thought so, which is why I've just crunched the numbers that way. If you focus on the 87 ZIP codes in the metro area that had at least five sales last month and at least five sales in November 2006, according to data from Metropolitan Regional Information Systems, here's what you'll see:
... where sales fell: 82 percent
... where sales remained flat: 7 percent
ZIP codes where average prices rose: 43 percent
... where prices fell: 55 percent
... where prices remained flat: 2 percent
ZIP codes with at least 10 percent gains in average price: 23 percent
ZIP codes with at least 10 percent losses in average price: 34 percent
Number of the 10 most expensive ZIP codes that saw average prices fall: 1
Number of the 10 least expensive ZIP codes that saw average prices fall: 8
Most expensive ZIP code in November: 21029 (Clarksville), at about $825,000 -- prices rose 2 percent
Least expensive ZIP code in November: 21205 (Baltimore, near Johns Hopkins Hospital), at about $56,000 -- prices dropped 12 percent
Check back tomorrow, when I'll put up files that will let you do your own comparing and contrasting.
Sign up for the At Home newsletter 
