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| FEBRUARY 2025 | |||
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| Units Sold 538 |
Active Inventory 1,890 |
Median Sale Price $220,000 |
Days On Market 55 |
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| Down -5% Vs. Year Ago |
Down -15% Vs. Year Ago |
Up 10% Vs. Year Ago |
Up 34% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in February, with 538 sold this month in Baltimore City Real Estate versus 561 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 5% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 344 units or 15%. The total number of active inventory this February was 1,890 compared to 2,234 in February 2024. This month's total of 1,890 is lower than the previous month's total supply of available inventory of 2,111, a decrease of 10%. |
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Median Sale Price
Last February, the median sale price for Baltimore City Homes was $200,000. This February, the median sale price was $220,000, an increase of 10% or $20,000 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 808 |
Current Contracts 691 |
Sold Vs. List Price 100.3% |
Months of Supply 3.5 |
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| Down -27% Vs. Year Ago |
Up 3% Vs. Year Ago |
No Change Vs. Year Ago |
Down -11% Vs. Year Ago |
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Months of Supply
In February, there was 3.5 months of supply available in Baltimore City, compared to 3.9 in February 2024. That is a decrease of 11% 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 808 homes newly listed for sale in Baltimore City compared to 1,100 in February 2024, a decrease of 27%. There were 691 current contracts pending sale this February compared to 673 a year ago. The number of current contracts is 3% higher than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Baltimore City was 100.3% 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 55, higher than the average last year, which was 41, an increase of 34%. | |||
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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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