2007 in the rear-view mirror
Well, mid-February is now. The Rockville company has put online its year-end summaries of local jurisdictions and the region as a whole. Click HERE to check them out. Some highlights:
--Average prices in the Baltimore metro area rose 2.3 percent to about $316,900. That's very close to the preliminary figure.
--Sales fell almost 18 percent, also a minor change.
--Median price (impossible to calculate from the monthly reports) was $273,000, up almost 2 percent.
--Reported average days on market rose from 60 to 92.
--Average sellers got 94 percent of their list price, vs. not quite 96 percent a year earlier.
At a more local level ...
--All jurisdictions in the Baltimore area managed a gain in average price besides Anne Arundel, down half a percent. Baltimore's 6 percent increase was the biggest.
--Baltimore also saw the largest drop in sales, just over 20 percent. The smallest was Howard's at almost 15 percent.
Wait a minute, you say: Isn't there a story in the paper today that says prices in the Baltimore metro area fell? Yes indeed. But that's in the last three months of 2007, which was worse from a seller's point of view than earlier in the year.
