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| AUGUST 2024 | |||
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| Units Sold 671 |
Active Inventory 2,115 |
Median Sale Price $215,000 |
Days On Market 36 |
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| Down -4% Vs. Year Ago |
Down -2% Vs. Year Ago |
Up 2% Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 671 sold this month in Baltimore City Real Estate versus 730 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 4% versus August 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 36 units or 2%. The total number of active inventory this August was 2,115 compared to 2,151 in August 2023. This month's total of 2,115 is lower than the previous month's total supply of available inventory of 2,320, a decrease of 9%. |
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Median Sale Price
Last August, the median sale price for Baltimore City Homes was $210,000. This August, the median sale price was $215,000, an increase of 2% or $5,000 compared to last year. The current median sold price is 10% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 920 |
Current Contracts 673 |
Sold Vs. List Price 100.2% |
Months of Supply 3.2 |
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| Down -17% Vs. Year Ago |
Up 2% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In August, there was 3.2 months of supply available in Baltimore City. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 920 homes newly listed for sale in Baltimore City compared to 1,102 in August 2023, a decrease of 17%. There were 673 current contracts pending sale this August compared to 659 a year ago. The number of current contracts is 2% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Baltimore City was 100.2% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 36, which is similar compared to a year ago. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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