Baltimore HUD Homes

Baltimore homes for sale with at least one price reduction now make up 40 percent of the market, according to real estate site Trulia.

That's higher than all but three of the country's large cities -- Minneapolis (44 percent), Mesa, Ariz. (43 percent) and Phoeniz, Ariz. (42 percent). Nationally, 27 percent of homes for sale have had at least one price drop.

Average reduction in Baltimore, according to Trulia: 12 percent, or more than $23,000.

 

Trulia focuses on cities rather than suburbs, but there are plenty of homes in the counties around Baltimore that are listed for less than they once were, too. (You can find pages and pages of "reduced!" listings in Annapolis, Columbia, Owings Mills and other communities.)

HousingTracker.net, a separate site that looks at what people are asking for their homes, says the typical listing price so far this month is $222,000 in the Baltimore metro area as a whole. It was $325,000 in December 2006 -- a more than $100,000 change in four years. (Unfortunately, HousingTracker.net doesn't go back much farther than that.)

While we're on the subject of home prices:

Another real estate site, HomeGain, said 75 percent of Maryland agents it surveyed said they think their sellers' homes are worth less than the sellers do.
Prices reduced on 40% of Baltimore homes for sale