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Baltimore Metropolitan Area Market Conditions
Baltimore Metropolitan Area Market Conditions
Baltimore Metropolitan Area Market Conditions
Baltimore Metropolitan Area Market Conditions
Baltimore Metropolitan Area Market Conditions
Baltimore Metropolitan Area Market Conditions
Baltimore Metropolitan Area Market Conditions
Baltimore Metropolitan Area Market Conditions
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Baltimore Metropolitan Area Market Conditions

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Baltimore Metropolitan Area Market Conditions Report

Baltimore Metropolitan Area Market Conditions Report

Published in: Business, Real Estate
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  • 1. The Long & Foster ® Market Conditions Report Baltimore Metropolitan Area - September 2013 Median Sales Price $300,000 Current Month $200,000 $229,000 $130,000 $299,550 $115,000 $300,000 $100,000 $289,950 $400,000 $215,000 $210,000 $500,000 $150,000 $370,000 $600,000 $226,500 One Year Ago $375,000 $248,500 $250,501 $265,000 $260,000 $250,000 $240,000 $229,200 $215,000 $213,000 $235,000 $230,000 $230,000 $236,000 $240,000 $250,000 $240,000 $237,926 $217,900 $210,000 $210,000 $219,900 $225,000 $219,000 $200,000 $227,500 $250,000 $250,000 Median Sale Price Of Top Five Counties/Cities Based on Total Units Sold $100,000 $50,000 $0 Baltimore Anne Arundel Baltimore County County City $0 Howard County Harford County Median Sale Price Percent Change Year/Year -2% -2% 5% 4% 6% 4% 1% 2% 4% 5% 7% 2% 5% 0% 0% 1% 0% 2% -6% 11% 2% 4% 4% 6% -4% 9% 6% 8% 10% 9% 10% -2% ● The current median sale price was 5% higher than the same month last year. 12% -8% -10% -12% -9% ● This September, the current median sale price of $248,500 was similar to the median sale price of last month. 14% -3% Highlights -14% 14
  • 2. The Long & Foster ® Market Conditions Report Baltimore Metropolitan Area - September 2013 Total Units Sold 1,000 500 238 203 283 400 275 473 444 490 2,088 Current Month 588 One Year Ago 709 800 579 2,441 2,493 2,967 2,926 Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold 1,565 1,642 2,066 2,237 2,071 2,551 2,465 2,195 2,134 2,028 1,561 1,426 1,856 1,769 1,712 0 Baltimore Anne Arundel Baltimore County County City 0 Howard County Harford County Total Units Sold 26% 16% 3% 16% 14% 15% 9% 11% 0% 0% 1% -1% 0% 7% 7% 12% 7% 4% 6% 10% ● There was a decrease of 16% in total units sold in September compared to August. 20% 21% 17% 20% 6% ● This month's total units sold was higher than at this time last year, an increase of 14% versus September 2012. 30% -3% Highlights 28% Percent Change Year/Year 14% 1,500 2,005 2,000 2,516 2,500 2,718 3,000 3,156 3,266 3,500 -10% 15
  • 3. The Long & Foster ® Market Conditions Report Baltimore Metropolitan Area - September 2013 Total Units Sold by Type Detached Attached Total Units Sold by Type Current Month Condo 3,500 Detached Attached Condo 3,000 177 7% 2,500 2,000 1,500 953 38% 1,000 1,363 55% 500 0 Total Units Sold by Price Range Total Units Sold by Price Range < 150K 1,400 150K to < 300K 300K to < 450K 450K to < 600K Current Month 600K and up < 150K 450K to < 600K 1,200 220 9% 1,000 150K to < 300K 600K and up 150 6% 300K to < 450K 539 22% 800 600 553 22% 400 200 1,031 41% 0 16
  • 4. The Long & Foster ® Market Conditions Report Baltimore Metropolitan Area - September 2013 Total Active Inventory 20,000 Total Active Inventory Current Month 1,414 1,281 1,160 2,000 8,000 1,055 3,418 3,222 2,843 3,000 2,763 4,000 3,227 5,000 3,012 13,066 12,832 6,000 13,315 13,462 13,339 12,796 11,784 11,338 11,150 11,319 10,000 12,340 13,181 13,543 13,704 14,239 14,703 14,863 14,832 14,207 13,727 13,815 One Year Ago 14,414 12,000 16,029 14,000 Of Top Five Counties/Cities Based on Total Units Sold 17,320 16,000 17,942 18,000 1,000 6,000 0 Baltimore County 4,000 Anne Arundel County 2,000 Baltimore City Howard County Harford County 0 Total Active Inventory Percent Change Year/Year -5% -5% -6% -8% -10% -14% -17% -17% -19% -21% -23% -24% -25% -24% -23% -21% -22% -25% -30% -22% -25% -23% -20% -23% -15% -15% -10% -23% ● Versus last September, the total number of homes available was lower by 711 units or 5%. -5% -18% ● September's total active inventory of 12,832 units was 2% lower than the previous month's supply of inventory. 0% -14% Highlights -35% 17
  • 5. The Long & Foster ® Market Conditions Report Baltimore Metropolitan Area - September 2013 Total Active Inventory by Type Detached Attached Total Active Inventory by Type Condo Current Month 20,000 Detached Attached Condo 18,000 16,000 833 7% 14,000 12,000 10,000 4,246 33% 8,000 7,753 60% 6,000 4,000 2,000 0 Total Active Inventory by Price Range < 150K 20,000 18,000 150K to < 300K 300K to < 450K 450K to < 600K 600K and up Total Active Inventory by Price Range Current Month < 150K 450K to < 600K 150K to < 300K 600K and up 300K to < 450K 16,000 1,786 14% 14,000 12,000 10,000 8,000 6,000 4,000 2,000 1,434 11% 2,368 18% 3,176 25% 4,068 32% 0 18
  • 6. The Long & Foster ® Market Conditions Report Baltimore Metropolitan Area - September 2013 Sale Price as % of List Price Average Sale Price as a Percent of List Price Of Top Five Counties/Cities Based on Total Units Sold Baltimore County Days on Market Current One Year Month Ago 94.0% 93.5% 58 Anne Arundel County 97 95 100% 98 77 97.6% 97.0% 98.0% 97.1% 97.3% 96.2% Up 1.1% Vs. Year Ago < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 98% 94 94 96% 87 85 85 Harford County by Price Range 105 100 100 99 Howard County Average Sale Price as a Percent of List Price Days on Market 105 Baltimore City Avg Sale Price as % of List Price Current One Year Month Ago Down -25% Vs. Year Ago 115 Current Month 97.1% 97.2% 96.3% 97.0% 100.0% 99.0% 98.0% 97.0% 96.0% 95.0% 94.0% 93.0% 95.5% 97.5% 97.8% 97.6% 97.3% 96.8% 96.9% 96.5% 96.7% 96.8% 96.8% 96.2% 96.7% One Year Ago 95.5% 95.8% 95.1% 94.5% 95.5% 95.3% 95.6% 95.0% 95.6% 95.5% 95.6% 96.0% 96.4% 96.4% 96.5% 96.8% 97.0% 97.1% 97.5% 97.6% 98.0% 96.3% 98.5% 78 77 78 77 78 79 81 81 82 94% 75 92% 75 90% 65 55 60 58 57 58 58 88% 86% 19
  • 7. The Long & Foster ® Market Conditions Report Baltimore Metropolitan Area - September 2013 Highlights Total Dollar Volume Sold In Thousands $1,200,000 ● Total volume sold this September was 15% greater than the same month one year ago. $719,257 $868,644 $983,028 $986,686 $871,868 $692,507 $556,709 $391,588 $409,096 $579,587 $610,219 $554,957 $624,351 $724,948 $729,549 $702,631 $512,851 $380,189 $494,423 $464,704 $365,176 $200,000 $437,511 $400,000 $547,438 $600,000 $610,833 $800,000 $822,470 $1,000,000 ● In September, there was 5.2 months of supply available, compared to 6.2 in September 2012. That was a decrease of 17% versus a year ago. $0 Months of Supply Total Dollar Volume Sold Current One Year Month Ago Current Month's Active Inventory/Current Month's Unit Sales 12 $719,256,938 9.7 2 4.4 4.2 4.1 5.2 5.2 5.6 6.8 5.5 5.5 6.4 6.2 5.4 5.8 7.2 4.6 4 5.4 5.9 7.0 7.0 7.8 6 $624,350,703 Up 15% Vs. Year Ago 8.8 9.1 9.0 8 10.1 10 Months of Supply Current One Year Month Ago 5.2 6.2 Down -17% Vs. Year Ago 0 20
  • 8. The Long & Foster ® Market Conditions Report Baltimore Metropolitan Area - September 2013 New Listings New Listings & New Contracts 3,335 Up 21% Vs. Year Ago New Contracts Current One Year Month Ago 2,651 2,041 354 326 440 346 786 991 Harford County Anne Arundel County Baltimore City Howard County 244 169 285 227 591 Current Month 433 603 478 One Year Ago 720 1,200 1,000 800 600 400 200 0 542 2,651 2,787 2,894 2,937 3,200 Howard County Harford County Supply/Demand Ratio Highlights ● Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.5, a decrease of 7% from September 2012. Baltimore City New Contracts 2,123 2,835 Anne Arundel County Baltimore County 4,046 Current Month Of Top Five Counties/Cities Based on Total Units Sold 0 New Listings Current One Year Month Ago 899 733 1,038 870 Baltimore County 4,046 4,202 4,348 4,423 4,960 4,292 1,200 1,000 800 600 400 200 0 One Year Ago 3,291 3,137 1,980 1,536 1,864 2,202 1,905 2,627 3,290 3,335 2,041 3,610 2,376 3,594 2,417 3,892 2,456 4,129 2,614 2,550 3,361 2,090 1,776 1,889 1,434 1,754 1,895 1,723 2,000 2,652 2,562 3,000 1,000 2,950 3,355 3,351 5,000 4,323 4,425 5,123 6,000 4,000 Of Top Five Counties/Cities Based on Total Units Sold New Contracts (Under Active Contract Status) 3,261 New Listings Number of New Listings to New Contracts 2.5 2.0 1.5 1.9 1.8 1.5 1.7 1.6 1.7 1.7 1.6 1.6 1.3 1.5 1.5 1.6 1.5 1.6 1.6 1.6 1.5 1.5 1.5 1.5 1.5 1.5 1.4 1.2 1.0 0.5 Up 30% Vs. Year Ago 0.0 21

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