April home sales
Click HERE to see the data, released today by Metropolitan Regional Information Systems.
The sales drop ranged from 27 percent in Baltimore County to 42 percent in Carroll, which has really been taking a pummeling. Prices fell the most in Carroll, down 7.6 percent on average. Every other jurisdiction in the area saw tiny-to-modest price drops except Baltimore, where average prices rose 3.7 percent. (But the city's median price fell, which just goes to show that it depends on what you're measuring.)
The number of unsold homes is again on the rise. That's probably to be expected, because a number of agents mentioned in the winter months that they had clients planning to put their properties on the market in the spring.
Thoughts about the market? As always, chime in.
Comments
I was hoping for something different. At least the zip codes in the city that pay a bulk of the taxes are looking a little healthier.
I still think the absolute bottom in the City is behind us. Maybe May/June numbers will look different once the settlements from March and April happen. Right now we are still looking at Winter data, which was horrible.
FYI: Interest rates dropped again. According to Bloomberg this morning, bond rates are setting up for another all time low in mortgage rates shortly.
Posted by: Dunn | May 12, 2008 12:15 PM