Clik here to view.
Both sales and new contracts at near decade highs; Prices remain unchanged
Rockville, MD – (June 10, 2015) – The following analysis of the Baltimore Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on May 2015 MRIS housing data.
OVERVIEW
The Baltimore Metro housing market saw large increases in sales, new contracts and inventories compared to May 2014, but median sales prices remained largely unchanged. Closed sales of 3,229 increased by 16.7% from May 2014 and by 15.5% compared to April 2015. The number of new contracts increased 18.1% to 4,313 from the prior year, and are at their highest May level in a decade. The median sales price in May in the Baltimore Metro area was $250,000, the same as May of 2014, but up $20,000 compared to last month. The $289,000 median sales price for “non-distressed” sales (those not involving a short sale or foreclosures) is up from the non-distressed median sales price of $280,000 last May and up from last month’s $267,000. Total sold dollar volume across the Baltimore Metro region in May was more than $936 million, up 15.3% percent from last year.
