Maryland Blogger: Baltimore Metro Area Housing Market, August 2015

Baltimore Metro Area Housing Market, August 2015

Baltimore Metro Area Housing Market, August 2015

 

If you are planning to move to the Metro Area of Baltimore, Maryland and to purchase a home for your family, it is a good idea to become familiar with the condition of the residential market. The following chart and related information will provide some basic information on the August, 2015 housing statistics.

We always recommend the use of a local exclusive buyer agent who will be able to provide the advice that will lead to the best home purchase decisions. Those who will need mortgage financing, should be in communication with a local loan officer for advice on the best available programs and the dollar amount that should be the maximum loan. Your buyer agent will be happy to recommend mortgage loan officers for your consideration.

 

The Baltimore Metro housing market enjoyed strong sales in August, with double-digit increases in sales and pending contracts and slight growth in inventory levels and new listings.  Although single-family detached and condo median sales prices fell slightly, the increase in townhomes more than compensated, leading to an overall 2% increase in median sales prices in the region.

Closed sales of 3,318 increased by 17.0% from August 2014, although down 8.4% from last month.  New contracts increased 12.9% to 3,552 and are at their highest August level in a decade. The median August sales price of $250,000 was up $5,000 from last year. The median sales price for single-family detached declined 0.9% to $315,000, while townhome prices rose 2.9% to $185,200 and condos decreased 0.1% to $189,750.  Total sold dollar volume across the Baltimore Metro region in August was nearly $960 million, up 17.2% percent from last year, although down 10.7% from last month.  Inventories increased by 1.1% to 14,093 total active listings.RealEstate Business Intelligence

Photograph by Roy Kelley

Roy and Dolores Kelley Photographs

Roy Kelley's photo.
 

 

Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

Comment balloon 19 commentsRoy Kelley • September 15 2015 12:33PM

Comments

Hi Roy.  Prices keep going sideways in your market.  Sales are up.  Nice report.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) over 4 years ago

Thanks so much for your comments. Have a great day!

Posted by Roy Kelley (Realty Group Referrals) over 4 years ago

Roy, nice to see a solid market staying steady! Enjoy your day! 

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) over 4 years ago

Thanks for the update for the Baltimore metro area housing market, Roy.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 4 years ago

Hi Roy, sounds like folks are continuing to move in Baltimore. August was a busy month for sales. 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) over 4 years ago

This is good information for local home buyers and sellers in Baltimore..

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 4 years ago

Thanks again, for your comments. It is always good to hear from you.

Posted by Roy Kelley (Realty Group Referrals) over 4 years ago

Roy,

 Good market report important information for both buyers and sellers in the Baltimore Metro Area!

Posted by Yolanda Cordova-Gilbert over 4 years ago

Roy...this sounds over all like a pretty darn healthy market. Great report with lots of info.

Posted by Jeffrey DiMuria 321.223.6253 Waves Realty, Florida Space Coast Homes (Waves Realty) over 4 years ago

It is always good to hear from you. Thanks for stopping by.

Posted by Roy Kelley (Realty Group Referrals) over 4 years ago

Thanks Roy for the market report... I hope you have a splendid Thursday!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) over 4 years ago

Roy,

I love how you keep up with the marketplace.  We are glad to hear that Baltimore is doing well.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) over 4 years ago

Your feedback is very much appreciated. Thanks so much for your comments.

Posted by Roy Kelley (Realty Group Referrals) over 4 years ago

Really great market report for Baltimore Metro Area, Roy! Thank you so much for sharing this! Have a great day ahead!

Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) over 4 years ago

Hi Roy,

Excellent Market report.  The increases in numbers of homes sold and the prices are great year over year indicators!  Good news for the Baltimore Metro Area.

Posted by Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate (Samsel & Associates) over 4 years ago

Thanks, again, for your comments. It is always good to hear from you.

Posted by Roy Kelley (Realty Group Referrals) over 4 years ago

Good news for August for the Baltimore area... Looks like ya'll are heading into a strong fall season.

Posted by Rob Thomas, Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro (Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954) over 4 years ago

Thanks, again, for your comments and for your continued support.

Posted by Roy Kelley (Realty Group Referrals) over 4 years ago

Good Monday morning to all. Have a great day and an outstanding week. Take time to enjoy the colors of autumn.

Posted by Roy Kelley (Realty Group Referrals) over 4 years ago

Participate