MD: Baltimore Home Sales Up, Prices Down in August

Gay Maryland Real EstateBaltimore-area home sales grew more than 6 percent in August, but the average sale price continued to tumble. During the month, 2,046 homes were sold, up from 1,925 in August last year, according to Rockville market research firm Metropolitan Regional Information Systems.

The uptick in home sales, one of the better August months in the past several years, is likely tied to lower interest rates and cheaper homes.

Still, the average home sale price in the Baltimore area slipped 5.4 percent to $274,735. The average number of days home stayed on the market increased more than 13 percent in August to 111 days.

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