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Baltimore, MD and Washington, D.C. Metro Area – June 2012 Housing Market Update

July 10, 2012  |  by Anne

The following analysis of the Washington, D.C. Metro Area and the Baltimore Metro housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on June 2012 MRIS housing data.

 

June Median Sale Prices Increases Across the Board in Baltimore Metro

Supply Continues to Shrink – Lowest New Listings in Fifteen Years

OVERVIEW

Median sale prices continue to climb through most of the Washington Metro Area.  Price gains, decreasing days-on-market (average down 10 days from June 2011), and a tightening sale-to-list price ratio (up 2.0 percentage points from June 2011) are evidence that the diminishing inventory of homes for sale in the region is having an impact on the market.  The DC Metro Area posted its 16th consecutive month of year-over-year declines in active listings, and the pattern appears to be holding as new listings in June are at a historic low.  The condo market is showing signs of strength, outpacing detached homes and townhomes in June on year-over-year growth in sales, median price gains, and new contracts.

Median DC Metro Area Sale Price Hits $400K, First Time Since 2008

Condo market shows signs of strength

OVERVIEW

Median sale prices continue to climb through most of the Washington Metro Area.  Price gains, decreasing days-on-market (average down 10 days from June 2011), and a tightening sale-to-list price ratio (up 2.0 percentage points from June 2011) are evidence that the diminishing inventory of homes for sale in the region is having an impact on the market.  The DC Metro Area posted its 16th consecutive month of year-over-year declines in active listings, and the pattern appears to be holding as new listings in June are at a historic low.  The condo market is showing signs of strength, outpacing detached homes and townhomes in June on year-over-year growth in sales, median price gains, and new contracts.

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Posted in Featured, Market Statistics

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4 responses to “Baltimore, MD and Washington, D.C. Metro Area – June 2012 Housing Market Update”

  1. Nancy Gittleson says:

    It's nice to see the statics verify what I'm seeing on the ground

  2. Melissa Clabaugh says:

    – I service Baltimore , Harford, and Cecil Co and I have notice little changes for close to a year now. I am just glad to see the facts to back it up. Great news.

  3. mike says:

    I'm confused. The title of the first part shows it's about Baltimore, then it refers only to DC in the write up in the first part.

  4. […] Baltimore, MD and Washington, D.C. Metro Area – June 2012 Housing Market Update The following analysis of the Washington, D.C. Metro Area and the Baltimore Metro housing market has been prepared by RealEstate Business Intelligence (RBI), and is… […]

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