June 2020 Housing Market Update

July 14, 2020 – June saw a new all-time high for both detached homes ($379.9K, +1.3%) and attached units overall ($240.0K, +0.4%) closed at their best prices in ten years. 

 

Baltimore Metro Area – Overview

  • Metro area home prices achieved a new all-time high. Both detached ($379.9K, +1.3%) and attached units overall ($240.0K, +0.4%) closed at their best prices in ten years. However, condos closed at a -8.5% lower cost.
  • Baltimore County median sales prices hit a new decade high, as single-family ($330.0K) homes sold at 5.8% above last June. Owings Mills detached unit sales prices ($415.0K) improved by 26.7%.
  • Howard County’s closing prices rose to a June ten-year high, as attached homes sold for $353.7K (up 7.2%), the best in a decade. Attached units in Columbia closed for a median price of $315.0K (+8.4%).
  • Anne Arundel achieved a new record in monthly pending home sales for overall homes, single-family homes, and co-ops. Glen Burnie (204) boasted a 41.7% improvement from last June.
  • Baltimore County fell to its lowest June new listing volume since 2013, as single-family homes saw their sharpest decline in a decade. New listings for Dundalk’s detached dwellings (74) dipped -29.5%.
  • Harford County reported the area’s lowest months of supply (1.11) as new detached listings (302) fell -12.5%. Overall new inventory in Joppa (31) dropped -11.4%.


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 June 2020 Bright MLS housing data