Baltimore Home Sales Down 19.4% in September 2010

By
Real Estate Agent with Cummings & Co. Realtors

Like many areas of the country, Baltimore saw home sales slide in September 2010 as a whole.

There were a little over 1700 homes sold last month, compared to 2117 last year. Not surprisingly, much of this is attributed to the tax credit ending, as this point last year was the original deadline for settlement.

Baltimore County alone saw a drop of 25.7% in number of homes sold and a price drop of 1.4%, while Baltimore City PRICES dropped 26%, and number of homes sold 17%.

Two areas of Baltimore County bucked the trend, while another in between fell farther than the average. Towson real estate, specifically the 21204 zip code (which includes the West Towson and Ruxton neighborhoods), showed the average sold price up 13.38% from $357,496 last year to $405,325 last month. The one number heading into the negative category was the average days on market, dropping from 125 last year to 64 this September.

Hunt Valley real estate also showed rising numbers in both number of homes and prices, both up about 5.85%. Days on the market also dropped from 112 to 54, which is another good sign, and the best statistic for Hunt Valley homeowners is that these 9 sellers got 95.12% of their list price!

So though the Baltimore Metropolitian real estate market may have been down in September, there are many areas that did not see such drops.

Timonium, a town off I-83 in between the two rising cost areas Towson & Hunt Valley, showed a huge drop, of 31.51% lower prices.

This shows how very local the real estate market is, where three areas within 5 miles of each other can have very different statistics and results.

The best way to know how much your home may be worth is to contact a real estate professional. Make sure they know your neighborhood!

If you are looking for a Towson Realtor, Timonium Realtor, or Hunt Valley Realtor, contact me. I am your agent!

 

 

 

For any real estate needs in Towson, Maryland or around the Baltimore Metropolitan area,

THINK MARNEY IN MARYLAND!

Marney Kirk Keller Williams Excellence Realty

1850 York Road, Suite K

Timonium, MD 21093

E-mail: realtormarney@yahoo.com

Website: www.realtormarney.com

Office: 410-560-5858 Cell: 410-493-4884

 

 

 

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Rainmaker
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James Lowenstern
Castles UnlimitedĀ® - Newton, MA
Castles Unlimited. Newton MA Real Estate

I have watched absorption rates in my area and things are changing very quickly! Very scary.

Oct 20, 2010 01:40 AM #1
Rainer
4,643
Rhonda Eckard
Realty Executives - Hickory, NC

Marney I'm so glad I found your blog. I'm a Baltimore girl at heart. I spent my formative years in Highlandtown. I was there two years ago and its true...You can take the girl out of Highlandtown but you can't take Highlandtown out of the girl. Even though things  had changed a great deal in the 30 or so years since I'd been there, the "flavor" of the neighborhood was still the same. My childhood best friend lives in the 3700 block of Claremont St (21224)  and I'm fascinated by the market trends in the area. I'll definitely be back to your blog!

Oct 20, 2010 02:12 AM #2
Ambassador
750,410
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Marney... some good information here for your local buyers and sellers. I just wrote about the tax credit issues about 5 days ago... and how it hurt numbers on so many levels... etc, etc. In any case, some good info here and I hope sales get better.

jeff belonger

Oct 20, 2010 05:06 AM #3
Rainmaker
425,762
Marney Kirk
Cummings & Co. Realtors - Towson, MD
Towson, Maryland Real Estate

Hi James! It is amazing how quickly things are changing. Each month tells a different story!

Rhonda -- you wouldn't even RECOGNIZE Highlandtown anymore. First of all, so much of it is called "CANTON" now and homes have been rehabbed, enlarged, and the formstone is going away, replaced by brick! Thank you!

Jeff -- it really is incredible to see the impact it had when you view the numbers compared to the same time last year!

Oct 20, 2010 07:31 AM #4
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Rainmaker
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Marney Kirk

Towson, Maryland Real Estate
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