"In December, Baltimore experienced a surge in active listings, climbing to 2,800 homes-a striking 35.6% rise compared to the same month last year. This impressive increase far outpaced the national average's 12.1% growth. Newly listed homes in Baltimore also rose by 7.1% year-over-year, reaching 880 homes. This boost in inventory invigorated the market, offering buyers a wealth of choices and signaling an exciting shift in market dynamics."
"Baltimore's median listing price in December stood at $229,995, reflecting a slight yet reassuring 0.2% year-over-year increase. This consistency defied the national trend, where median listing prices dipped by 0.6%. Additionally, the share of listings with price reductions in Baltimore was 15.3%, marginally higher than the national average of 12.9%, with a minor increase from the previous year by 0.5 percentage points. This steady price environment provided a solid foundation for sellers navigating the bustling market."
December inventory rose to 2,800 active listings in Baltimore, a 35.6% year-over-year increase that outpaced the national 12.1% rise. Newly listed homes increased 7.1% to 880 listings. Median listing price was $229,995, up 0.2% year-over-year, while national median prices fell 0.6%. Listings with price reductions made up 15.3%, slightly above the national 12.9% and up 0.5 percentage points year-over-year. Homes had a median of 58 days on market, up 8.5% but below the national 73-day median. Market dynamics encouraged strategic pricing and marketing for sellers aiming to attract buyers.
Read at SFGATE
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