March home sales in the Baltimore metro area
The average home sale price in the Baltimore metro area last month was $278,511, a drop of 6.4 percent from a year earlier. (It's also more than the average two years ago -- about $306,600 -- but remains above the $258,900 average of March 2005.)
The number of home sales dropped 18 percent to 1,545.
What sellers got was just under 88 percent of what they'd asked for.
Unsold homes on the market: 18,321.
Lorraine Mirabella sums up the stats by jurisdiction in her web-only housing story:
Home sales fell as much as 27.7 percent in Harford County, where the average sales price was down 7.6 percent, and stayed relatively flat in Howard, where the average price dipped nearly 11 percent.
Sales were down 16.3 percent in Baltimore, where the average price fell 15.4 percent. In Baltimore County, sales fell 24.2 percent, with an average sales price decline of 5 percent. Sales declined 15.8 percent in Anne Arundel, and prices dipped 3 percent, while in Carroll, sales dropped 22.5 percent, and prices fell 9.5 percent.
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