Market Update - Baltimore City: July 2007 VS July 2006
Baltimore City: July 2007 VS July 2006
These numbers show there is a large supply of homes on the market and it is getting bigger every month.
If you would like a more detailed valuation of your home, contact us today.
- Sales prices rose from a year ago by 3.51% from an average of $192,277 to $199,019.
- Sellers are being negotiated 5.69% off of their original list price versus 5.16% one year ago and homes are staying on the market longer.
- In 2006 the average home was on the market for 58 days. In July of 2007 the average home is on the market for 83 days. That’s a 43.10% increase.
- 1751 new listings came to the market and 795 where put under contract.
These numbers show there is a large supply of homes on the market and it is getting bigger every month.
If you would like a more detailed valuation of your home, contact us today.
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