Baltimore Year-End Sales Down Slightly From 2009

RBI, the primary source of real estate data, analytics, and business intelligence for real estate professionals in the Mid-Atlantic region, today released its 2010 year end statistical analysis for the Baltimore metro housing market. The market area includes: Baltimore City, Baltimore County, Anne Arundel County, Carroll County, Harford County, and Howard County.

“After numbers were tallied for 2010, units sold fell short of the 2009 total but remained relatively consistent with levels of the prior two years,” said noted housing market expert and RBI analyst Jonathan Miller. “Because unit sales were at about half the peak levels of 2005, overall prices continued to slip.

Lower unit sales resulted from a weak employment picture and conservative mortgage lending. There was a drop in unit sales and prices in the attached housing market sector as a result of the expiration of the federal homebuyer tax credit. In contrast, detached property prices edged higher as unit sales remained flat.”

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