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Residential Real Estate

Sales

Average selling price, owner-occupied properties: July 2008

Price (dollars)

Change from 2007

Baltimore Region:

$325,774

-1.2%

Anne Arundel

$397,081

-7.2%

Baltimore City

$201,346

3.0%

Baltimore County

$307,609

-4.1%

Carroll

$330,095

-9.1%

Cecil

$295,163

14.4%

Harford

$303,198

-1.7%

Howard

$445,928

-3.9%
  • In the Baltimore area, average sales prices in the 2nd quarter of 2008 were up 6.0% from the 1st quarter but down 1.4% from the same period in 2007.

  • Time on market fell to 118 days from 127 days in the 1st quarter.
  • Sales volume in 2008 is on pace to be 75% of the 2007 volume.



Data Source: Maryland Association of Realtors, July 2008
The Baltimore Metropolitan area is a less expensive place to live than ten of the other large metro areas, including Washington, D.C., Boston, and Seattle.  Click here to view the comparison table.

Foreclosures

The mortgage market has been getting a lot of attention recently for fueling an economic downturn.  Fortunately, the Baltimore regional market is faring much better than the rest of the country and the rest of Maryland.


The exact foreclosure statistics are portrayed in the table below:

Foreclosures at the rate of one house in every:

Baltimore City

902

Baltimore County

1116

Anne Arundel

1061

Howard

1742

Harford

1063

Cecil

1589

 

 

Metropolitan area average

1246

State of Maryland

741

U.S.

464
Data source: RealtyTrac, 2008

 

 
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