The market for new condos in the Baltimore area
Some of the more eye-popping factoids:
--At the pace things are moving right now, the northern suburbs have enough new condos for sale to last buyers through 2022, according to Delta.
--In Baltimore City, contract cancellations in the first three months of the year outnumbered sales. (The same thing happened in Washington's Fairfax/Falls Church area.)
Delta addresses these supply vs. demand issues in the report:
The inventory of condos in the Baltimore metro area is still too high compared to sales velocity, and as a result, more projects have been removed from the pipeline, and this trend will likely continue over the period ahead.