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September 10, 2010

August home sales in the Baltimore metro area

Home sales dropped 16 percent in the Baltimore metro area last month, compared with a year earlier. That's the second month in a row that buying activity slumped.

It won't be the last, because the number of contracts signed in August -- most of which will show up as sales in a month or two -- was down about the same amount. We've had four straight months of falling contract numbers.

Here's the breaking-news story about August home sales. I'll have a fuller version later.

Posted by Jamie Smith Hopkins at 9:48 AM | | Comments (3)
Categories: Housing stats
        

Comments

This, of course, is very very good news for a very damaged housing market...and a very good sign that the market is trying to heal itself.

Unfortunately, it is also a signal for our profligate spending politicians to try and garner votes from our countries debt/credit addicts, by intruding and causing further damage.

Now is the best time to buy and sell your house! Never been a better time in history!! Ever!! This bad news is actually good news and any good news is good news! OK!?!?!?! You don't want to have less debt than Mr Jones do you people? Get out there and let me open a door for you!! YEA!!!

Awesome! Hopefully the talking heads on the hill let this continue. We might have a couple more grenades of "change" tossed our way after elections. :(

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
Baltimore Sun articles by Jamie
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