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Home sales in Baltimore continue their slide in February

Home sales in the Baltimore region continued their decline, with February marking the sixth straight month in which sales fell below numbers a year ago.

Sales volume last month was down more than 9 percent February 2018, with the number of homes sold down in every county and Baltimore City, according to data provided by MarketStats by ShowingTime based on listing activity from Bright MLS.

Carroll County saw a decline of almost 22 percent in the number of closings, the region’s highest, followed by Baltimore City, where closings were down 12 percent.

The region’s median sales price dipped slightly from January but was good for the winter month of February. That median price of $249,450 was up 1.8 percent from last February and the highest February price in a decade.

Sales prices have been on an upswing for the past three years.

That’s generally been due to tight inventory, but the supply of homes on the market has been swelling in recent months. Active listings continued to rise in February, growing 3.8 percent.

But levels still remain below the average for the decade, and new home listings dipped by 0.7 percent in February compared to a year earlier.

Sellers were getting 94.9 percent of their original asking price in February, down from 95.2 percent a year earlier.

Prices rose in every area jurisdiction but Howard County, where median prices dropped 8 percent to $382,500 in February. The county still had the highest prices in the region.

Baltimore City’s prices remained the lowest, though the median price rose 10.5 percent to $120,000.

Baltimore County’s median price rose 1.8 percent to $229,999, Harford’s rose 1.6 percent to $230,000 and Carroll’s gained 1 percent to $300,000. Anne Arundel’s median price was flat at $325,000.

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