baltimoresun.com

« Feeling left behind | Main | A housing market that's not one flavor »

April 10, 2008

March home sales

Hoping that the housing market would hit the accelerator to mark the start of the spring selling season? It was not to be. Home sales in the Baltimore metro area continued to drop precipitously last month vs. a year earlier, according to numbers released today by Metropolitan Regional Information Systems.

Sales fell 34 percent. That's the seventh straight month of declines at or above 30 percent.

Average home prices fell almost 3 percent in the metro area, though there was quite a range at a local level. Prices were down about 1 percent in Anne Arundel, 3 percent in Harford, 4 percent in Baltimore County, 8 percent in Howard and 20 percent in Carroll. Baltimore City posted a gain of almost 2 percent.

But the city's sales, like Howard's, were down 44 percent. Drops elsewhere in the region were not that steep.

I'll have more details in tomorrow's story. In the meantime, click HERE if you'd like to see the new statistics.

Posted by Jamie Smith Hopkins at 1:01 PM | | Comments (1)
        

Comments

Baltimore city prices rose 2%, but the sales dropped 44%??? This made my day...how about raising prices only 10% (which used to be normal a few months back), to see sales plummet in the same proportion to -220%? Any realtor's take on this?

Post a comment

All comments must be approved by the blog author. Name-calling aimed at other commenters is not welcome here. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Verification (needed to reduce spam):

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
-- ADVERTISEMENT --

Most Recent Comments
Baltimore Sun coverage
Baltimore Sun Real Estate section
Archive: Dream Home
Dream Home takes readers into the houses of area residents who have found their ideal home.
Sign up for FREE business alerts
Get free Sun alerts sent to your mobile phone.*
Get free Baltimore Sun mobile alerts
Sign up for Business text alerts

Returning user? Update preferences.
Sign up for more Sun text alerts
*Standard message and data rates apply. Click here for Frequently Asked Questions.
  • Sign up for the At Home newsletter
The home and garden newsletter includes design tips and trends, gardening coverage, ideas for DIY projects and more.
See a sample | Sign up

Charm City Current
Categories
Stay connected