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| Focus On: Baltimore City Housing Market | April 2019 | ||
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| Units Sold 802 |
Active Inventory 3,170 |
Median Sale Price $154,000 |
Days On Market 65 |
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| Up 2% Vs. Year Ago |
Down -3% Vs. Year Ago |
Up 10% Vs. Year Ago |
Up 16% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 802 sold this month in Baltimore City Real Estate versus 696 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 2% versus April 2018. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 92 units or 3%. The total number of active inventory this April was 3,170 compared to 3,262 in April 2018. This month's total of 3,170 is lower than the previous month's total supply of available inventory of 3,290, a decrease of 4%. |
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Median Sale Price
Last April, the median sale price for Baltimore City Homes was $140,000. This April, the median sale price was $154,000, an increase of 10% or $14,000 compared to last year. The current median sold price is 3% higher than in March. 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 1,549 |
Current Contracts 1,061 |
Sold Vs. List Price 98.1% |
Months of Supply 4.0 |
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| Up 14% Vs. Year Ago |
Up 7% Vs. Year Ago |
No Change Vs. Year Ago |
Down -5% Vs. Year Ago |
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Months of Supply
In April, there was 4.0 months of supply available in Baltimore City, compared to 4.2 in April 2018. That is a decrease of 5% 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 1,549 homes newly listed for sale in Baltimore City compared to 1,362 in April 2018, an increase of 14%. There were 1,061 current contracts pending sale this April compared to 990 a year ago. The number of current contracts is 7% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Baltimore City was 98.1% 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 65, higher than the average last year, which was 56, an increase of 16%. | |||
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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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