Baltimore metro home price hits decade-high

Adam Bednar//July 12, 2017//

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Median home sales price in the Baltimore metro area hit $279,400 in June, according to a report released Wednesday. It’s the highest price level since July 2007.

According to data provided by MarketStats by ShowingTime based on listing activity from Bright MLS, that median sales price represents a 1.6 percent increase year-over-year and 2.1 percent bump from May.

Sales volume in the metro area totaled $1.4 billion, a 6.6 percent increase from last year. Closed sales as well were up nearly 5 percent from the year before and set a new record for the decade.

The market continues to show signs of tightening as active listings have also decreased. Those listings are down 12.6 percent from the year before. The median days-on-market fell from 22 days last year to 19 days this year, the lowest mark in the last decade.