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Housing Market

Baltimore-area home sales, prices rise in December

Baltimore-area home sales, prices rise in December

Baltimore-area home sales and prices continued on an upward trend in December, as inventory fell below 10,000 for the first time since January 2014.

Just under 3,200 Baltimore-area home sales closed in December, up 5 percent from the previous year and the highest level of December sales in a decade, according to a monthly report released Wednesday by ShowingTime.

The median sale price for the Baltimore area was $245,000, up 4.3 percent from December 2015 and the highest December price since 2008, according to the report, which is based on data from the MRIS regional listing service.

Meanwhile, the number of new and active listings declined compared with December...

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