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Baltimore sees rise in median home sale price, report shows

The median sale price and units sold increased throughout most of the Baltimore Region in February, according to the Long & Foster Real Estate Market Minute Report.

Baltimore experienced a significant 48% jump in median sale price, followed by a 12% rise in Anne Arundel County. The number of homes sold was also up across most of the region with Baltimore exhibiting a 23% increase, followed by Anne Arundel County with an 19% incline. Inventory dipped once again throughout the region and homes sold quickly with the number of days on the market ranging from 18 to 46.

The report for the Baltimore region includes Baltimore, Anne Arundel, Carroll, Howard and Harford counties and the city of Baltimore.

With the new stimulus package and the vaccine rollout, people are feeling more optimistic. Long & Foster Real Estate President Gary Scott said the stimulus will add energy to the economy and the vaccine will add confidence to consumer behavior, which will contribute to a continued strong real estate market in 2021. Sellers will feel more comfortable listing their home and buyers will feel more comfortable looking for a home, he added.


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One comment

  1. prbiser@mullanei.com

    Very misleading statistics regarding the median sales price. Can be interpreted as sales price increase when it could be that more expensive houses are now selling when previously they were not.