Baltimore, MD Market Snapshot

Here are the latest top-level summary of market conditions for Single Family Residences (SFR) and Condo sales only in these areas within the Baltimore area:

Baltimore, MD Real Estate Market Snapshot

The Baltimore region continued to see the affects of a weak housing market in February as home sales fell more than 33 percent compared with the same month a year ago.

In February, 1,559 units were sold in the Baltimore region — Baltimore City, Baltimore, Harford, Howard, Carroll and Anne Arundel counties. That’s down from 2,340 during the same period a year ago, according to Rockville-based Metropolitan Regional Information Systems Inc.

Baltimore County
Average Sale Price % Change Median Sale Price % Change Sold Units % Change Active Inventory % Change Pending Sales % Change
Feb-08 316,108 8.5% 250,000 0.0% 409 -33.6% 4,095 30.4% 615 -15.9%
Feb-07 291,338 2.1% 250,000 2.0% 616 -10.2% 3,141 42.3% 731 -6.6%
Feb-06 285,383 15.6% 245,000 17.6% 686 -0.6% 2,207 78.1% 783 -14.5%
Feb-05 246,967 26.2% 208,300 26.2% 690 3.8% 1,239 8.4% 916 4.9%
Feb-04 195,642 10.4% 165,000 16.2% 665 12.9% 1,143 -22.3% 873 23.7%
Feb-03 177,143 21.8% 142,000 14.6% 589 -3.1% 1,471 -21.5% 706 -18.8%
Feb-02 145,438 2.0% 123,900 6.8% 608 12.2% 1,875 -34.1% 869 2.1%
Feb-01 142,646 1.3% 116,000 1.8% 542 18.6% 2,844 -6.8% 851 28.5%
Feb-00 140,769 1.3% 114,000 2.7% 457 -9.5% 3,051 -28.7% 662 -14.0%
Feb-99 138,899 NA 111,000 NA 505 NA 4,277 NA 770 NA

Baltimore City
Average Sale Price % Change Median Sale Price % Change Sold Units % Change Active Inventory % Change Pending Sales % Change
Feb-08 170,652 -10.3% 151,950 -0.7% 400 -34.3% 5,458 27.3% 535 -36.4%
Feb-07 190,347 16.9% 153,000 17.7% 609 -4.2% 4,286 27.2% 841 -19.2%
Feb-06 162,801 24.5% 129,995 41.3% 636 -20.5% 3,370 108.7% 1,041 -5.4%

Feb-05 130,758 29.5% 92,000 22.7% 800 11.9% 1,615 -19.0% 1,100 17.9%
Feb-04 100,970 5.3% 75,000 8.1% 715 52.5% 1,994 -15.7% 933 31.0%
Feb-03 95,905 19.9% 69,400 15.7% 469 -5.8% 2,364 -26.2% 712 -14.6%
Feb-02 79,993 17.9% 60,000 5.3% 498 -15.4% 3,204 -16.2% 834 2.7%
Feb-01 67,859 -8.6% 57,000 -11.6% 589 40.9% 3,824 4.5% 812 43.0%
Feb-00 74,275 -2.6% 64,450 2.3% 418 17.1% 3,661 -8.1% 568 1.2%
Feb-99 76,229 NA 63,000 NA 357 NA 3,983 NA 561 NA

Carroll
Average Sale Price  % Change Median Sale Price % Change Sold Units % Change Active Inventory % Change Pending Sales % Change
Feb-08 295,905 -20.2% 263,500 -24.4% 84 -39.1% 1,145 10.3% 104 -32.0%
Feb-07 370,888 4.5% 348,500 7.2% 138 1.5% 1,038 43.2% 153 -8.9%
Feb-06 354,823 12.0% 325,000 15.2% 136 0.0% 725 63.3% 168 -9.2%
Feb-05 316,764 17.9% 282,200 18.8% 136 -2.2% 444 0.9% 185 -12.3%
Feb-04 268,622 18.6% 237,500 13.1% 139 -2.1% 440 -2.2% 211 33.5%
Feb-03 226,584 15.5% 209,950 11.1% 142 3.6% 450 -11.4% 158 -24.0%
Feb-02 196,235 1.4% 189,000 9.0% 137 14.2% 508 -27.5% 208 8.3%
Feb-01 193,469 12.9% 173,333 5.9% 120 -1.6% 701 -10.8% 192 28.0%
Feb-00 171,437 -2.7% 163,740 4.0% 122 37.1% 786 -11.7% 150 -20.2%

Feb-99 176,162 NA 157,500 NA 89 NA 890 NA 188 NA

Howard
Average Sale Price % Change Median Sale Price % Change Sold Units % Change Active Inventory % Change Pending Sales % Change
Feb-08 408,023 -5.9% 353,400 -4.5% 170 -36.6% 1,719 27.1% 234 -30.6%
Feb-07 433,814 -1.6% 370,000 -4.1% 268 9.8% 1,353 42.7% 337 1.8%
Feb-06 440,833 7.4% 385,625 10.2% 244 -13.8% 948 112.1% 331 -1.8%
Feb-05 410,332 29.5% 350,000 27.1% 283 22.5% 447 5.7% 337 6.6%
Feb-04 316,763 29.0% 275,400 33.0% 231 -9.4% 423 -13.8% 316 7.5%
Feb-03 245,547 4.2% 207,000 3.6% 255 1.6% 491 -4.1% 294 -13.0%
Feb-02 235,621 6.2% 199,900 9.5% 251 -3.8% 512 -18.3% 338 -8.2%
Feb-01 221,765 6.1% 182,500 6.0% 261 8.8% 627 -36.4% 368 27.8%
Feb-00 209,042 7.4% 172,250 3.1% 240 8.6% 986 -24.3% 288 -7.7%
Feb-99 194,714 NA 167,000 NA 221 NA 1,303 NA 312 NA

Harford
Average Sale Price % Change Median Sale Price % Change Sold Units % Change Active Inventory % Change Pending Sales % Change
Feb-08 274,082 -5.1% 245,000 -5.0% 165 -28.9% 1,937 20.8% 255 -13.6%

Feb-07 288,956 -3.1% 258,000 -2.6% 232 -8.3% 1,603 45.1% 295 -16.7%
Feb-06 298,113 18.0% 265,000 21.0% 253 0.0% 1,105 83.3% 354 17.2%
Feb-05 252,729 27.4% 219,000 29.6% 253 24.0% 603 14.0% 302 -14.7%
Feb-04 198,435 17.7% 168,926 13.0% 204 17.2% 529 -2.8% 354 48.1%
Feb-03 168,551 13.0% 149,500 17.3% 174 -27.5% 544 -28.9% 239 -11.8%
Feb-02 149,128 5.8% 127,450 1.6% 240 38.7% 765 -34.2% 271 -3.6%
Feb-01 140,892 0.6% 125,500 5.6% 173 19.3% 1,163 -3.4% 281 34.4%
Feb-00 140,116 2.9% 118,900 -2.9% 145 -8.8% 1,204 -13.1% 209 -10.3%
Feb-99 136,216 NA 122,500 NA 159 NA 1,386 NA 233 NA

Anne Arundel
Average Sale Price % Change Median Sale Price % Change Sold Units % Change Active Inventory % Change Pending Sales % Change
Feb-08 403,440 -7.7% 325,000 -6.9% 331 -30.6% 3,993 19.4% 470 -25.5%
Feb-07 437,285 13.3% 349,000 7.6% 477 -1.4% 3,344 33.6% 631 -4.8%
Feb-06 385,880 11.3% 324,500 13.5% 484 -11.5% 2,503 110.7% 663 -9.4%
Feb-05 346,802 23.9% 286,000 21.8% 547 1.7% 1,188 -7.9% 732 -4.1%
Feb-04 279,954 9.2% 234,900 18.6% 538 -0.2% 1,290 6.3% 763 17.4%
Feb-03 256,375 13.3% 198,000 15.1% 539 15.9% 1,214 -8.8% 650 0.3%
Feb-02 226,366 12.8% 172,000 8.9% 465 0.0% 1,331 -23.4% 648 -9.4%

Feb-01 200,689 -1.0% 158,000 -2.2% 465 24.0% 1,738 -23.6% 715 37.0%
Feb-00 202,705 10.3% 161,500 13.9% 375 -1.3% 2,274 -33.7% 522 -11.5%
Feb-99 183,820 NA 141,750 NA 380 NA 3,432 NA 590 NA