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Residential Home Resale statistics for Baltimore City- March 2009

Real Estate Trend Indicator

Baltimore city seal

The good news is that Baltimore City Residential sales have greatly increased in the month of March 2009 compared to the previous statistics of February 2009. More homes have sold and the inventory has only slightly increased.

Baltimore City, MD
From: 03/01/2009 to 03/31/2009

Residential
Unit Sales
Number of Bedrooms

Active Listings

Time on Market

Price Class

2
Or Less


3

4
or More

Condo
Coop

Ground
Rent

Residential

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

6

40

15

0

96

870

38

902

1 -30 Days

92

$100,000 - 149,999

7

16

1

2

22

549

36

375

31-60 Days

43

$150,000 - 199,999

7

27

8

2

12

545

55

248

61 - 90 Days

43

$200,000 - 249,999

13

16

4

7

8

341

51

133

91-120 Days

37

$250,000 - 299,999

5

6

4

2

7

242

42

63

Over 120 Days

154

$300,000 - 349,999

3

2

2

0

1

125

22

44

Total

369

$350,000 - 399,999

1

4

1

1

5

96

19

27

$400,000 - 449,999

0

1

3

1

0

49

17

9

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

1

2

2

1

61

13

4

$500,000 - 599,999

0

1

1

0

1

62

21

11

Conventional

75

$600,000 - 699,999

0

1

0

0

0

53

17

2

FHA

128

$700,000 - 799,999

0

0

0

0

0

19

5

0

VA

12

$800,000 - 899,999

0

0

0

0

0

10

5

1

Assumption

23

$900,000 - 999,999

0

0

0

0

0

13

6

0

Cash

111

$1,000,000 - 2,499,999

0

0

0

1

0

17

26

1

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

1

7

0

All Other

20

$5,000,000 & Over

0

0

0

0

0

0

1

0

Unreported

0

Totals

42

115

41

18

153

3053

381

1820

Total

369

Grand Totals

 369 5254
2009 2008 % Change
Total Sold Dollar Volume: $ 56,478,971 $ 79,808,867 - 29.23 %
Average Sold Price: $ 153,060 $ 180,972 - 15.42 %
Median Sold Price: $ 125,000 $ 155,000 - 19.35 %
Total Units Sold: 369 441 - 16.33 %
Average Days on Market: 125 119 5.04 %
Average List Price for Solds: $ 179,588 $ 202,656 - 11.38 %
Avg Sale Price as a
percentage of Avg List Price: 		85.23 % 89.30 %
Total Number of NEW listings
taken for the month: 1215

Total Number of Properties
marked Contract for the month: 477
Total Number of Properties
marked Contingent for the month: 63

Total Number of NEW pendings
(CONTRACTS + CONTINGENTS): 540

If your interested in relocating and finding a home in Baltimore City, Maryland, please contact The Mcintire Team of Long & Foster Real Estate.

Ellie McIntire

The McIntire Team

Office 410-461-1456

Cell 443-418-7668

E-mail: Ellie@LNF.com

http://www.elliesteam.com/

We redefine the essence of service

Posted Monday Apr 13