Up, up and ...
Baltimore saw a big jump in prices during the boom. But it's high on the list now in part because values in many former boom places are fast sliding the other direction, while recorded prices here appear to be holding steady. (I say "appear" only because it's so hard to tell, what with sellers paying for closing costs and many homes sitting unsold.)
Out of curiosity, I crunched the most recent numbers from the Office of Federal Housing Enterprise Oversight. They rank Maryland third in price gain in the past five years with almost 75 percent, behind only Hawaii and D.C.
Good news if you're a seller? Well ... If you've been following along, you know about the flip side.
Home sales here have been dropping much faster than average in the country. Statewide, the sales drop was biggest in the nation earlier this year. A number of economists (and some agents) have blamed the sharp drop in local home sales on the comparative lack of significant price drops, noting that the state's low unemployment rate would under normal circumstances mean people able and willing to buy.
Do you agree with them? Disagree? The floor is open for debate.