baltimore city md march 2010 market minute
TRANSCRIPT
![Page 1: Baltimore city md march 2010 market minute](https://reader038.vdocuments.net/reader038/viewer/2022100600/556539c3d8b42a5c268b529a/html5/thumbnails/1.jpg)
Focus On: Baltimore City, Maryland
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster’s knowledgeable and experienced sales associates. Information included in this report is based on data supplied by Terradatum, MRIS, and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. “Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc.."
Including:
March, 2010
Units Sold
Active Inventory
Median Sale Price
Up 6% Do wn -6% Do wn -1% Up 4%
Vs. Year Ago Vs. Year Ago Vs. Ye ar Ago Vs. Year Ago
Units Sold Active Inventory Median Sale Price Days On Market100$119,0005,158425
‐
100
200
300
400
500
600
J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10
‐
50,000
100,000
150,000
200,000
J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10
‐
20
40
60
80
100
120
J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10
‐
1,000
2,000
3,000
4,000
5,000
6,000
7,000
J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10
-
50
100
150
200
250
300
350
400
450
500
Units Sold*Sold Detached Sold Attached Sold Condo/ Coop
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Active Inventory*Active Detached Active Attached Active Condo/ Coop
Mar-09 $120,500
Mar-10 $119,000
50,000
60,000
70,000
80,000
90,000
100,000
110,000
120,000
130,000
Median Sale Price
There was an inc rease in total units sold in Marc h, with 425 sold this month in Baltimore City ve rsus 299 last month, an inc rease of 42.1%. This month's total units sold was higher than at this time last ye ar, an inc rease of 6% ve rsus Marc h, 2009. The c urrent month's total is lower than the twe lve month ave rage of 441.
Versus last year, the total numbe r of homes available this month is lower by 338 units or 6%. The total number of ac tive
inventory this Marc h was 5,158 c ompare d to 5,496 in Marc h, 2009. This month's total of 5,158 is higher than the previous
month's total supply of available inve ntory of 4,901, an inc rease of 5%.
Last Marc h, the me dian sale pric e in Baltimore City was $120,500. This Marc h, the median sale pric e was $119,000, a dec rease of 1% or $1,500 c ompared to last year. The c urrent me dian sold pric e is 5% higher than in February.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
![Page 2: Baltimore city md march 2010 market minute](https://reader038.vdocuments.net/reader038/viewer/2022100600/556539c3d8b42a5c268b529a/html5/thumbnails/2.jpg)
Focus On: Baltimore City, Maryland
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster’s knowledgeable and experienced sales associates. Information included in this report is based on data supplied by Terradatum, MRIS, and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. “Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc.."
Including:
March, 2010
Months Of Supply
New Listings & Current Contracts
Sale Price to List Price Ratio
Days On Market
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
Up 35% Up 59% Do wn -11%
Vs. Ye ar AgoVs. Year AgoVs. Year Ago Vs. Year Ago
Months of SupplySold Vs. List PriceCurrent ContractsNew Listings 1647 742 94.3% 12.1
No C hange
‐
500
1,000
1,500
2,000
J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10
‐100 200 300 400 500 600 700 800
J‐08 M‐08 S‐08 J‐09 M‐09 S‐09 J‐10
92%
93%
94%
95%
96%
97%
98%
Jan‐08 Jul‐08 Jan‐09 Jul‐09 Jan‐10
‐
5
10
15
20
25
Jan‐08 Jul‐08 Jan‐09 Jul‐09 Jan‐10
14
.8
13
.4
12
.5
12
.1
10
.9
10
.8 12
.8
13
.8
12
.1
14
.8
17
.6
16
.6 17
.8 20
.5
13
.7
13
.4
12
.2
9.8
11
.7 13
.0
12
.8
12
.0
10
.9 12
.1
15
.9
16
.4
12
.1
-
5
10
15
20
25
Months Of Supply
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
New Listings & Current ContractsNumber of New Listings Current Contracts
This month the re were 1647 homes newly listed for sale in Baltimore City c ompare d to 1,218 in Marc h, 2009, an inc rease
of 35%. There were 742 c urrent c ontrac ts pending sale this Marc h c ompared to 468 a year ago. The number of c urre nt
c ontrac ts is 71% higher than last month.
This month, the ave rage number of days on marke t was 100, higher than the ave rage last ye ar, whic h was 96, an inc rease of 4%.
In Marc h, the ave rage sale pric e in Baltimore City was 94.3% pe rc ent of the ave rage list pric e , whic h is the same as at this time last ye ar.
In Marc h, the re was 12.1 months of supply available in Baltimore City, c ompared to 13.7 in Marc h, 2009. That is a dec rease of 11% ve rsus a year ago.
-
20
40
60
80
100
120
93%93%94%94%95%95%96%96%97%97%98%
Sale Price/ List Price & DOM
Avg Sale / Avg List Average DOM