BALTIMORE METRO HOUSING MARKET DATA

There was a decrease in total units sold in January, with 1,941 sold this month in Baltimore Metro Real Estate versus 2,667 last month, a decrease of 27%. This month's total units sold was higher than at this time last year, an increase of 6% versus January 2024.

Versus last year, the total number of homes available this month is lower by 331 units or 7%. The total number of active inventory this January was 4,419 compared to 4,750 in January 2024. This month's total of 4,419 is lower than the previous month's total supply of available inventory of 4,965, a decrease of 11%.

Last January, the median sale price for Baltimore Metro Homes was $355,000. This January, the median sale price was $365,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 5% lower than in December.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In January, there was 2.3 months of supply available in Baltimore Metro, compared to 2.6 in January 2024. That is a decrease of 12% 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.

This month there were 2,364 homes newly listed for sale in Baltimore Metro compared to 2,760 in January 2024, a decrease of 14%. There were 2,174 current contracts pending sale this January compared to 2,193 a year ago. The number of current contracts is 1% lower than last January.

In January, the average sale price in Baltimore Metro was 99.5% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 37, higher than the average last year, which was 31, an increase of 19%.





FOCUS ON: BALTIMORE METRO HOUSING MARKET			JANUARY 2025

Units Sold 1,941	Active Inventory 4,419	Median Sale Price $365,000	Days On Market 37

Up 6% Vs. Year Ago	Down -7% Vs. Year Ago	Up 3% Vs. Year Ago	Up 19% Vs. Year Ago


		Units Sold There was a decrease in total units sold in January, with 1,941 sold this month in Baltimore Metro Real Estate versus 2,667 last month, a decrease of 27%. This month's total units sold was higher than at this time last year, an increase of 6% versus January 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 331 units or 7%. The total number of active inventory this January was 4,419 compared to 4,750 in January 2024. This month's total of 4,419 is lower than the previous month's total supply of available inventory of 4,965, a decrease of 11%.
		Median Sale Price Last January, the median sale price for Baltimore Metro Homes was $355,000. This January, the median sale price was $365,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 5% lower than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 2,364	Current Contracts 2,174	Sold Vs. List Price 99.5%	Months of Supply 2.3

Down -14% Vs. Year Ago	Down -1% Vs. Year Ago	No Change Vs. Year Ago	Down -12% Vs. Year Ago


		Months of Supply In January, there was 2.3 months of supply available in Baltimore Metro, compared to 2.6 in January 2024. That is a decrease of 12% 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.
New Listings & Current Contracts This month there were 2,364 homes newly listed for sale in Baltimore Metro compared to 2,760 in January 2024, a decrease of 14%. There were 2,174 current contracts pending sale this January compared to 2,193 a year ago. The number of current contracts is 1% lower than last January.
		Sale Price to List Price Ratio In January, the average sale price in Baltimore Metro was 99.5% 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 37, higher than the average last year, which was 31, an increase of 19%.


	*Defined as the counties of Anne Arundel, Baltimore, Carroll, Harford, and Howard and Baltimore City in MD
	*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.