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| FEBRUARY 2025 | |||
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| Units Sold 1,913 |
Active Inventory 4,588 |
Median Sale Price $374,950 |
Days On Market 38 |
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| Down -6% Vs. Year Ago |
Down -10% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 19% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in February, with 1,913 sold this month in Baltimore Metro Real Estate versus 1,992 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 6% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 504 units or 10%. The total number of active inventory this February was 4,588 compared to 5,092 in February 2024. This month's total of 4,588 is lower than the previous month's total supply of available inventory of 5,128, a decrease of 11%. |
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Median Sale Price
Last February, the median sale price for Baltimore Metro Homes was $360,000. This February, the median sale price was $374,950, an increase of 4% or $14,950 compared to last year. The current median sold price is 3% higher than in January. 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 2,496 |
Current Contracts 2,344 |
Sold Vs. List Price 100.0% |
Months of Supply 2.4 |
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| Down -25% Vs. Year Ago |
Down -4% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In February, there was 2.4 months of supply available in Baltimore Metro. 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 2,496 homes newly listed for sale in Baltimore Metro compared to 3,311 in February 2024, a decrease of 25%. There were 2,344 current contracts pending sale this February compared to 2,430 a year ago. The number of current contracts is 4% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Baltimore Metro was 100.0% 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 38, higher than the average last year, which was 32, an increase of 19%. | |||
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*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. |
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