Measuring housing data for Baltimore, Carroll, Harford, Cecil and Anne Arundel counties and the city of Baltimore, Long and Foster Real Estate’s Tim Montoya finds August’s most dramatic average list price decrease overall was in Harford County.
Montoya’s Housing Inventory Snapshot for the Baltimore real estate market pinpoints trends like inventory, days on market and home prices. The report breaks down aggregated values using MLS data, which is then broken down by county and the city of Baltimore. The report buckets categories such as single-family under $500,000, single-family over $500,000, condo/townhome under $300,000 and condo/townhome over $300,000.
In Harford County, all but condo/townhomes under $300,000 saw a dip in average list price for the 30-day trend. Single-family homes below $500,000 saw a dip of 1.66 percent, while those above the mark fell 1.05 percent.
Single-family homes under the $500,000 mark was pretty close in regards to average and median prices, at $300,598 and $305,000, respectively. For the median list price 30-day trend, that represented a 3.14 percent. In this category, there were 635 listings and an average days on market for sold properties of 108.
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In Baltimore city, the biggest change was reported in the condo/townhome category under $300,000, which saw a 9.9 percent uptick for the median list price in August. This category had a reported 2,552 listings and an average price increase of 1.17 percent.
The largest pool of listings of all the areas and categories reported was in Baltimore County for condo-townhomes under $300k. This pocket of the market saw a total of 3,193 listings, and an increase in average list price and median list price of 1.05 percent and 4.17 percent, respectively. The days on market for sold properties dipped by three in the 30-day trend, to 107.
In Cecil County, price decreases were a common trend. Single-family homes under the $500,000 threshold was the only category to report an uptick in average price (0.72 percent) and median price (0.39 percent).
For the average price category, Carroll County saw across the board increases for the 30-day trend, with the biggest rise reported for condo/townhomes over $300,000, at 3.35 percent.
