Prices down in Baltimore, but way up in Cumberland
The sales price of the typical home fell 1 percent in the Baltimore metro area at the end of last year, the National Association of Realtors said today. That probably doesn't come as a shock to you Wonk readers.
But here's something less expected: Prices are still going gangbusters in the Cumberland metro area. The 19 percent gain during the final three months of last year outpaced the rest of the country -- or at least the 149 other metro areas the Realtors track. (EDIT for those who have never heard of Cumberland: It's in Western Maryland.)
You can see the press release HERE and Excel files with lots of crunchable numbers HERE. I'm busily working on a story for tomorrow, so stayed tuned.
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Comments
Where is Cumberland? Dukedom of Cornwall???
Posted by: me | February 14, 2008 3:53 PM
Maryland, actually. Western Maryland, more specifically. (I thought that went without saying, but apparently not!)
Posted by: Jamie Smith Hopkins | February 14, 2008 4:53 PM