Homes for sale under $250,000: Where are they?
If you're thinking of buying for the first time, you're probably interested in homes priced below $250,000. What are your chances of finding something in that range?
As always, it depends on where you look. The Greater Baltimore Board of Realtors compared homes on the market two weeks ago and found -- to no one's surprise, I'd imagine -- that your odds of finding a place for less than $250k are best in Baltimore. Nearly three-quarters of listings were priced at $250,000 or under in the city.
Baltimore County and Harford County are next on the list for their share of less-pricey homes for sale. Almost half the listings in Baltimore County were $250,000 or under; it was 43 percent in Harford.
It's hardest in Howard County, where 15 percent of sellers were asking $250,000 or less.
(One asterisk: The Realtors group didn't include homes listed for less than $30,000 in its affordability calculation, figuring there's nothing in that range that's livable as is.)
Here's a chart I put together with these stats. (Just remember that the percentages don't include the listings under $30,000.)
And here's the under-$200 picture:
Looking -- or selling -- in that range? What trends are you seeing?