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| MAY 2025 | |||
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| Units Sold 713 |
Active Inventory 2,156 |
Median Sale Price $250,000 |
Days On Market 35 |
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| Down -15% Vs. Year Ago |
Down -11% Vs. Year Ago |
Up 14% Vs. Year Ago |
Down -8% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 713 sold this month in Baltimore City Real Estate versus 706 last month, an increase of 1%. This month's total units sold was lower than at this time last year, a decrease of 15% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 277 units or 11%. The total number of active inventory this May was 2,156 compared to 2,433 in May 2024. This month's total of 2,156 is lower than the previous month's total supply of available inventory of 2,446, a decrease of 12%. |
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Median Sale Price
Last May, the median sale price for Baltimore City Homes was $219,500. This May, the median sale price was $250,000, an increase of 14% or $30,500 compared to last year. The current median sold price is 2% higher than in April. 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 951 |
Current Contracts 825 |
Sold Vs. List Price 101.3% |
Months of Supply 3.0 |
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| Down -22% Vs. Year Ago |
Up 12% Vs. Year Ago |
Up 0.7% Vs. Year Ago |
Up 4% Vs. Year Ago |
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Months of Supply
In May, there was 3.0 months of supply available in Baltimore City, compared to 2.9 in May 2024. That is an increase of 4% versus 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 951 homes newly listed for sale in Baltimore City compared to 1,220 in May 2024, a decrease of 22%. There were 825 current contracts pending sale this May compared to 738 a year ago. The number of current contracts is 12% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Baltimore City was 101.3% of the average list price, which is 0.7% higher than at this time last year. Days on Market
This month, the average number of days on market was 35, lower than the average last year, which was 38, a decrease of 8%. | |||
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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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