Baltimore, MD - Local Housing Data - Summary

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Baltimore, Towson, MD

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Baltimore, MD Local News

  • 1Q14 Baltimore Housing Market Analysis

    The first-quarter Metrostudy data for the Baltimore, Maryland area housing markets shows a shaky start to 2014. As the number of new-home closings has fallen, so has the median closing price and cost per square foot for homes overall.

  • 1Q14 DC Metro Area Housing Market Analysis

    According to the Metrostudy first-quarter market survey, the Northern Virginia, DC, and Suburban Maryland submarkets held steady in the first-quarter of 2014 despite low numbers in job growth across several counties.

  • Baltimore, MD - February 2014 - New Home Closings Numbers Give Hints Market Decline is Slowing

    New home sales fell in Baltimore, MD in February. Average prices of new homes moved up, rising 11.5%. Foreclosures as a percentage of existing home closings dropped, falling 5.9% percentage points. Real Estate Owned (REO) closings as a percentage of existing home closings rose, climbing 0.3%...

New Home Prices Climb in Baltimore According to Newest Figures, Sales Decrease

Posted on: Jul 06, 2014 07:02:47 AM

In the Baltimore, MD market in March, new home closings slid year-over-year, and there were signs of worsening market conditions as the percentage fall was steeper than February 2014. New home closings saw a decline of 12.1% from the year earlier to 275. This came after a 5.8% decline year-over-year in February.

A total of 3,646 new homes were sold during the 12 months that ended in March, down from 3,684 for the year that ended in February.

Of the total number of closings, new home closings made up 10.2%. A year earlier, new home closings made up 10.9% of total closings. For new and existing homes, closings declined in March after also declining in February year-over-year.

Pricing and Mortgage Trends

For newly sold homes, the average price gained 19.8% year-over-year in March to $459,760 per unit. This rise is an improvement over the 11.5% bump in February year-over-year.

For newly sold homes, the average mortgage size jumped year-over-year along with new home prices. In March 2014, the average mortgage size on newly sold homes saw a 20.3% boost from a year earlier. In February 2014, average mortgage size on newly sold homes saw a 8.9% bump year-over-year from a year earlier.

 
 
 

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