February home sales in the Baltimore metro area
The housing market in the Baltimore metro area in February, by the numbers:
31, 6.6 and 89.
OK, fine, I'll give you more than just the numbers.
The first figure is the percentage drop in sales from a year earlier. About 1,070 homes changed hands, compared with more than 1,500 in February 2008.
The second is the percentage drop in average price, bringing it to about $282,000.
The third is the percentage that sellers got compared with their list price -- that is, 11 percent less than they were asking for.
Metropolitan Regional Information Systems, which released the statistics today, has more home sales numbers (including county by county) here. Lorraine Mirabella has a quick housing story here and is working on a full one for tomorrow.
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Comments
Looks like we are slowly coming down. Just another 20% to go and we'll be back into being in-line with income ratio's.
With the economy in the state it is though and the fact that people are buying homes with multiple incomes, we will most likely overshoot and be back around 2002 prices.
Posted by: Adam | March 11, 2009 7:31 PM