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September 22nd, 2022 - In the month of August, the total sales volume in the Baltimore Metro area was 3,726 units, which is a 18.7% decrease year over year. Homes went under contract in an average of 19 days. 3,622 homes are pending and there are 4,496 active listings.
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In the month of March, the total sales volume was 3,647 units, which gained 14% year over year. Homes went under contract in seven days, 18 days fewer than March 2020 and 27 days under March 2019.
In the month of February, total sales dollar volume hit $979.3 million (+31.7%). The median house price reached $300 thousand, as opposed to $277,000 thousand last year.
To begin 2021, January’s total sales dollar volume hit $1.01 billion (+37%). Homes came under contract in 26 fewer days and landed at a median day on market of 11.
In 2020, the Baltimore metro’s total sales dollar volume hit $15.7 billion (+19.2%). Total sales volume for the year (44,860) gained 9.8%. Seven months of the year recorded a high for that month.
The Baltimore Metro pushed to a November ten-year high median sales price of $322.0K – the second-highest on record. Days on the market held at an all-time low eight days for a second month.
Strengthened by low interest rates and a recovering local economy, the Baltimore Metro reported an October record for median sales prices, which held steady month to month. Median sales price held at $320.0K for the second straight month, just shy of the August 2020 record…
In the month of September, single-family homes had a median sales price of $405.0K, a decade best, up 12.5%. Days on the market slipped to single digits for the first time in area history, landing at an all-time low.
The metro area median sales price hit a ten-year overall high ($325.9K), for a third straight month, up 12.4%.
