Putting those home sales into perspective
As I was squinting at home sales records for a story, I noticed something about the city's drop in home buying: It hasn't been quite as dramatic as the slump in the metro area as a whole.
I mean that in a relative sense. Sales dropped about 30 percent in both the city and the metro area from 2005 -- the height of the boom -- through 2007, but city sales rose so much faster during the boom years that they're not back to pre-boom numbers.
Metro area sales last year fell just below the number of homes sold in 2000. City sales, on the other hand, were between '01 and '02 levels. That seems worth noting. I remember a housing advocate commenting during the boom that the real test of the city's new real estate strength would be a recession.
Read on -- or, rather, look on -- for visuals.
Now compare that with home buying in Baltimore City: