Asking prices for homes in Baltimore and D.C.
But Wonk reader John noticed something interesting that's not simply about how much things have dropped in one market. The typical asking price this month in the metro area around Washington, D.C. -- $300,000 -- is what the typical Baltimore-area asking price was in November 2007.
"Just thought this was an interesting statistic," John noted in an email.
One of those things that makes you go "hmm," all right.
Right now the typical Baltimore-area asking price is about $250,000, or $50,000 less than D.C.'s. It was $94,000 less two years ago.
Rapidly rising prices in D.C. during the boom/bubble helped drive D.C. workers to Baltimore and 'burbs for cheaper homes. As the price difference narrows, that's less likely -- for purely price reasons, anyway.
Are you a D.C.-area worker who lives or is thinking of living in the Baltimore area?