Regional Home Sales Up by Double Digits in 2015. Did the Value of Your Home Go Up or Down?
While the number of home sales in 2015 made a healthy jump over 2014, home prices in the Baltimore Metropolitan Region remained stable for the third year in a row. The counties of Harford and Howard were the only areas with annual price increases, gaining 1.3 percent and 1.7 percent, respectively.
The 2015 median sales price of $240,000 was unchanged from 2014 levels and less than one percent lower than the 2013 median.
The Baltimore Metropolitan region saw an 18.8% increase in the number of homes sold in 2015 compared to 2014. That’s approximately 36,000 homes sold compared to 30,300 homes sold the year before.
The median number of days on the market for 2015 was 43 days, up one day from 2014, but below both the 5- and 10-year averages of 51 and 56 days, respectively.
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This analysis of the Baltimore Metro Area housing market has been
prepared by Elliot Eisenberg, Ph.D., of RealEstate Business Intelligence
(RBI) and is based on year-end 2015 MRIS housing data.