May 2020 Housing Market Update

June 19, 2020 – The median sale price for a house in May for the Baltimore Metro Area reached a high of $295,500, highest number over the past ten years. 

 

Baltimore Metro Area – Overview

  • May saw a new ten-year high for attached home median sales prices ($236.0K), as Harford County achieved a new ten-year record for median single-family home sales price ($360.0K, up 7.5%) and a ten-year best for May overall.
  • In an indication of an improving market, new pending home sales advanced 42.7% in May compared to April. It was the most significant month-to-month gain in the past ten years.
  • Homes in the metro area stayed on the market for the second-fewest number of days in the past decade.

 

The Baltimore Metro Area housing market includes the City of Baltimore, Anne Arundel County, Baltimore County, Carroll County, Harford County, and Howard County in Maryland.

Source: MarketStats by ShowingTime based on May 2020 Bright MLS housing data