Baltimore County's housing market
Baltimore County home sales are way down from where they were at the height of the housing bubble, like the rest of the region. Unlike the rest of the region, the county's home sales are also way lower now than they were as far back as 1998.
For a (very) occasional blog-post series, I've been crunching numbers at a county level for the month of June to compare and contrast over the years. See Anne Arundel here and Baltimore City here. Today it's Baltimore County's turn.
The number of Baltimore County homes sold this June was down 30 percent from June 1998, when Metropolitan Regional Information Systems began tracking the region. That's the biggest drop in the metro area.
Pricey Howard County was close, with a 28 percent drop, but no other jurisdiction saw anywhere near that big of a decline. (One actually saw a gain in sales, but you'll have to wait until it's that county's turn to find out which ... or check the numbers yourself.)
Here's what Baltimore County's home sales looks like over the years:
And here's the change in average and median prices:
Prices are down 22 percent on average since the peak in 2007. They're down a bit more -- 26 percent -- if you're looking at the median sales price.
But by either measure, prices are still about 65 percent higher than they were in 1998.
Next up: Carroll County.