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.

  • Baltimore, MD - March 2014 - New Home Closings Numbers Suggest Market Drop Getting Steeper

    New home sales fell in Baltimore, MD in March. Mortgage amounts on new homes moved up, rising 20.3%. Foreclosures as a percentage of existing home closings dropped, falling 2.5% percentage points. The percentage of new home closings belonging to single family homes rose, climbing 0.3% percentage...

  • 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.

New Home Prices Rise, Sales Drop in Baltimore - August 2014

Posted on: Aug 09, 2014 07:00:27 AM

In April, there was a decline year-over-year in new home closings in the Baltimore, MD market, and the percentage drop, which was steeper than March 2014, gave signals that the market may be worsening. New home closings saw a 23.3% fall from a year earlier to 207. This was after the housing market saw a 12.7% fall year-over-year in March.

A total of 3,555 new homes were sold during the 12 months that ended in April, down from 3,618 for the year that ended in March.

New home closings accounted for 7.1% of overall housing closings. This is a fall 8.3% of closings a year earlier. Closings of new and existing homes saw a decline year-over-year in April after remaining steady in March year-over-year.

Pricing and Mortgage Trends

In April, there was a 14.7% hike year-over-year in the average price of newly sold homes, reaching $463,706 per unit. This bump is smaller than the 19.9% boost in March year-over-year.

Along with new home prices, there was an increase year-over-year in the average mortgage size on newly sold homes. In April 2014, there was a 12.8% rise in the average mortgage size, reaching $385,494. In March 2014, average mortgage size rose 20.3% from a year earlier.


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