Baltimore-area home sale prices continue to climb

Baltimore-area home sale prices continued to rise in December, even as the number of sales declined from the same time last year.

A total of 3,062 deals closed in December, down 4.2% from the same month in 2016. The median sale price of $250,000 was up 2%, or about $5,000, from last year, the highest December sale price in a decade, according to a ShowingTime report released Monday.

Inventory constricted for the 28th consecutive month. Active listings declined by 12.4 percent to 8,406 in December, the lowest level since August 2005, according to the monthly report, based on listing activity from MRIS, a division of the multiple-listing service Bright MLS.

Baltimore

Harford County saw the greatest increase in sales prices. A total of 305 homes sold for a median of $265,000, up 15.3% from $229,900 last December. The number of home sales rose 1.7% from last year.

Baltimore, meanwhile, saw the greatest increase in closed sales and greatest drop in sales price in the region.

A total of 805 homes sold in the city in December, up 11% from last December. The median sales price of $113,000 was down 9.6% from $125,000 in the year-ago month.

In Howard County, closed sales declined 27.3%, to 277 deals. The median December sales price of $410,000 was up 3.1% from $397,500 last year.

A total of 171 homes sold in Carroll County in December, down 11.4% from the same month last year. The median price of $278,000 was down 7.3% from $299,900 last December.

In Anne Arundel County, 657 homes sold for a median price of $331,000. The number of sales was down 7.3% and median sale price rose 3.3% from the year-ago period.

A total of 847 homes sold in Baltimore County in December, down 4.6% from the last year. The median sale price of $235,000 was up 4.6% from $224,675 last December.

Tribune Content Agency
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