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October 11, 2011

September home sales in the Baltimore region

Here's the quick take on the Baltimore region's housing market in September: Compared with a year ago, average prices fell a little less than 1 percent, the number of homes sold increased a little more than 1 percent and the supply of new properties hitting the market tumbled.

The 23 percent drop in new listings was the second-largest decline since Metropolitan Regional Information Systems began tracking the area in the late 1990s. Colleague Liz Kay has more in this story, including one agent's suspicion that the market was not the only factor pushing down the number of homes newly listed in September.

On another note, columnist Jay Hancock writes here about the "misery index" -- unemployment rate plus inflation -- and how some are coming up with new ways to take into account the other economic miseries out there. Like a rough housing market. (Which is obviously more miserable for sellers than buyers.)

If you're looking for Baltimore data on one of those miseries -- foreclosure -- then you'll want to check out the Baltimore Neighborhood Indicators Alliance's statistics page, which has just been revamped. The data, compiled for the Baltimore Homeownership Preservation Coalition, include maps, charts and the actual addresses where foreclosure proceedings have been started. You can also see how many of those cases end up as ratified foreclosure sales (not all do). (BNIA offers updates about its data, foreclosure and otherwise, on its Facebook page.)

Posted by Jamie Smith Hopkins at 6:10 AM | | Comments (0)
Categories: Housing stats
        

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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.
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