Baltimore Metro Area September Contract Activity Highest in Four Years
Posted on October 10, 2011 by Corey Hart
Oct

10

2011

Sales Volume Beats Last Year’s Levels with Modest Increases

Rockville, MD – (October 10, 2011) – The following analysis of the Baltimore, Maryland, metro area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on the September 2011 RBI Pending Home Sales Index™ released today.

 

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OVERVIEW

September 2011 home sales in the Baltimore metro area edged out the September 2010 totals by the thinnest of margins. September sales this year of $513 million were a 0.7% increase over September 2010 sales of $509 million. And total units sold this September of 1,873 were 1.35% higher than the 1,848 units sold in September 2010.  However, new contacts written in September 2011 were 2,022, ahead of September 2010 by 11.9% and ahead of the last five year September average by 3.4%.

For the rest of 2011, year over year comparisons will continue to see the impact of last year’s tax credit.  The tax credit incentive moved sales ahead of the seasonal buying cycle and sales which would have otherwise occurred in Q3 and Q4, were incented to go under contract by April 30, 2010 to receive the credit.

 

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Baltimore Metro Area, press release
Baltimore Metro Summer Ends With Best August for Home Sales in Five Years
Posted on September 12, 2011 by Corey Hart
Sep

12

2011

Median Sales Price Also Outperformed Seasonal Expectations

 

Rockville, MD – (September 12, 2011) – The following analysis of the Baltimore Metro Area housing market has been prepared by housing market expert Jonathan Miller of Miller Samuel, based on the August 2011 RBI Pending Home Sales Index™ released today:

 

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OVERVIEW

Baltimore area home sales enjoyed their best August in five years as buyers took advantage of affordable prices and record low interest rates.

While August  pending sales  of 2,365 was 1.7% below the July 2011 total of 2,407, the current decline was well below the 6.9% average month-over-month decline of the past 5 years and the 4% average month-over-month decline of the past ten years. 

Median sales price also outpaced seasonal patterns, rising 4.4% to $235,000 in August from $225,000 in the July .  For the past ten years, median sales price has slipped an average of 0.5% from July to August.

 

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Baltimore Metro Area, market analysis, press release
Despite Most Active July in Four Years, Baltimore Area Home Sales Show Weakness; Prices Slide
Posted on August 10, 2011 by Corey Hart
Aug

10

2011

Rockville, MD –(August 10, 2011) – The following analysis of the Baltimore Metro Area housing market has been prepared by housing market expert Jonathan Miller of Miller Samuel, based on the July 2011 RBI Pending Home Sales Index™ released today:

 

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OVERVIEW

More sales contracts were signed in Baltimore last month than any July since 2007 but prices still fell 4.5 percent—the first monthly decline since March.  On a month-to-month basis, sales activity dropped more than the seasonal average, suggesting demand is weakening. July sales contracts fell 6.9 percent from June but they are still 24.5 percent above July 2010.

 

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Baltimore Metro Area, press release
Baltimore Metro Sees Highest Contract Signings for June in 4 Years
Posted on July 11, 2011 by Corey Hart
Jul

11

2011

Buyers and Sellers Signed 2,585 Contracts in June – Most Since 2007 – Though Market Saw 5.3% Month-over-Month Seasonal Decline in New Pending Sales. Median Sales Price Increased 6.1% Month-over-Month to $235,500 but Remained 5.8% Below Last Year’s Level.

 

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Baltimore Metro Area, market analysis, press release
Baltimore Metro Area - Seasonal Increase in Signed Contracts in May
Posted on June 10, 2011 by Corey Hart
Jun

10

2011

May Pending Sales Show Seasonal 0.7% Rise From April; 53.7% Year-Over-Year Surge Reflects Last Year’s Lull After Tax Credit Deadline. Median Sales Price Rises Higher At Second Slowest Rate Year-To-Date In Decade

Rockville, MD –(June 10, 2011) – The following analysis of the Baltimore Metro Area housing market has been prepared by housing market expert Jonathan Miller of Miller Samuel, based on the May 2011 RBI Pending Home Sales Index™ released today:

 

View PDF version of this press release

OVERVIEW:

Buyers and sellers signed 2,731 contracts in the month of May, 0.7% more than in April and 53.7% more than during the same month last year.  The month-over-month increase in newly signed contracts was consistent with seasonal trends but the year-over-year spike was an anomaly as a result of last year’s 48.7% April to May drop in pending sales after the April 30 federal homebuyers tax credit-related contract signing deadline expired.  While the median sales price increased 3.2% to $221,950 in May 2011 from the prior month, it remained 5.1% below the median sales price of $234,000 in the same month last year.  Median sales has edged 5.7% higher since January, the second lowest rate of increase in a decade.

 

 

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Baltimore Metro Area, press release

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