Making it official: 2010 in Baltimore's housing market
While we wait for February home sale statistics, here's something to whet your appetite: the official 2010 tally for the Baltimore metro area from the keeper of the multiple-listing service. (Earlier figures were preliminary.)
Overall, the number of home sales dropped about 3 percent in the region -- the city and surrounding suburbs -- last year vs. 2009, according to Metropolitan Regional Information Systems' stats arm, RealEstate Business Intelligence.
Prices dropped not quite 1 percent on average, to $274,000. (The decline in median price, for those who prefer that measure, was 2 percent -- with half the homes selling for less than $235,000 and half selling for more.)
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Comments
I'd be curious to see a breakdown of pre- and post-tax stimulus numbers. I think any period that reflects the tax credit needs further analysis. But just a 1-2% drop in prices is encouraging.
Posted by: man | March 10, 2011 7:56 AM
You can see previous years here: http://www.rbintel.com/statistics/baltimore-metro
Scroll down until you see a variety of tabs, including one labeled "reports." Click on that. Then click on the year you want to see under "archives." The year-end tally is there, along with all the monthly figures.
There was a tax credit in 2008, but that was the one that was really a no-interest loan.
Posted by: Jamie Smith Hopkins | March 10, 2011 8:52 AM