Baltimore County Housing Market – Baltimore Real Estate Market
For a full market report and more statistics, download these free Baltimore Real Estate Market Reports:
- Baltimore Real Estate Market – Baltimore County – December 2018 Detailed Report
- Baltimore Real Estate Market – Baltimore County – December 2018 Local Market Insight Report
*updated statistics are released the 10th of every month, for the previous month
There was a decrease in the number of units sold in Q2 of 2018, with 3,386 sold in the Baltimore County real estate market versus 3,438 units sold in Q2 of 2017.
This chart displays the amount of homes sold over a two year period, broken down by each quarter and home type: detached, attached & condos.
Versus this time last year, the total number of homes available in the Baltimore real estate market in 2017 Q2 was higher by 485 units.
This chart displays the amount of active inventory, over a two year period, broken down by each quarter and home type: detached, attached & condos.
Average Sales Price
This chart displays the average price ALL home sold for, over a two year period, broken down by each quarter.
New Listings & Pending Listings
In Q2, of 2018, there were 4,575 homes newly listed for sale in Baltimore County, which is less than new homes listed in Q2 of 2017, by 41 homes, or about -0.9%.
There were 1,766 contracts pending sale in Q2 of 2017 compared to 1,721 9 in Q2 of 2018. The number of current contracts is about 2.5% lower than the previous year.
This chart compares New Listings & Current Contracts that are pending sale for ALL homes, over a two year period, broken down by each quarter.
Months of Supply
The months of supply for Q2 in 2017 was 3.05 months. This past 2nd quarter had a months supply of 2.64, resulting in about a 13.6% decrease
Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 40 homes on the market and 10 homes selling each month, there is a 4 month supply of homes for sale.
Months of supply is a good indicator of whether the real estate market is favoring sellers or buyers. Typically, a market that favors sellers has less than 6 months of supply. On the other hand, a market with more than 6 months of supply indicates an excess of homes for that that favors buyers.
This chart displays the months of supply for ALL homes, over a two year period, broken down by each quarter.
Average Sale Price to Original List Price
In Q2 2018, the average sale price to list price was 97.3%, a .7% increase from Q2 2017. This means that homes that were listed in Q2 of 2018 sold for 97.3% of the original listing price. On average, if a home was originally listed for $400,000, it would have sold for $389,200.
How to calculate Avg. Sale Price to List Price. The final sale price (the price the buyer pays for the home) divided by the last list price expressed as a percentage. If it’s above 100%, the home sold for more than the list price. If it’s less than 100%, the home sold for less than the list price.
This chart displays the average sale price to original listing price for ALL homes, over a two year period, broken down by each quarter.
2018 Market Reports
2019 Market Reports
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