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| MARCH 2025 | |||
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| Units Sold 626 |
Active Inventory 2,067 |
Median Sale Price $225,000 |
Days On Market 53 |
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| Down -3% Vs. Year Ago |
Down -9% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 39% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 626 sold this month in Baltimore City Real Estate versus 547 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 3% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 198 units or 9%. The total number of active inventory this March was 2,067 compared to 2,265 in March 2024. This month's total of 2,067 is lower than the previous month's total supply of available inventory of 2,202, a decrease of 6%. |
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Median Sale Price
Last March, the median sale price for Baltimore City Homes was $217,150. This March, the median sale price was $225,000, an increase of 4% or $7,850 compared to last year. The current median sold price is 3% higher than in February. 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 1,071 |
Current Contracts 818 |
Sold Vs. List Price 99.8% |
Months of Supply 3.3 |
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| Down -1% Vs. Year Ago |
Up 10% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -6% Vs. Year Ago |
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Months of Supply
In March, there was 3.3 months of supply available in Baltimore City, compared to 3.5 in March 2024. That is a decrease of 6% 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 1,071 homes newly listed for sale in Baltimore City compared to 1,087 in March 2024, a decrease of 1%. There were 818 current contracts pending sale this March compared to 745 a year ago. The number of current contracts is 10% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Baltimore City was 99.8% of the average list price, which is 1.0% lower than at this time last year. Days on Market
This month, the average number of days on market was 53, higher than the average last year, which was 38, an increase of 39%. | |||
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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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