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April home prices continue to rise in the Baltimore Metro seller’s market

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OVERVIEW

  • The Baltimore Metro area median sales price of $267,900 was up 4.9% or $12,400 from last year and up 3.4% or $8,900 from last month.  This was easily the highest April price of the decade.
  • Sales volume of slightly more than $1 billion was up 6.3% from last year.
  • April closed sales of 3,349 were up 2.6% compared to last year and up 8.7% from last month and were at the highest April level of the last ten years.
  • New contract activity of 4,711 was up 5.5% from last year.
  • There were 5,969 new listings in April, up 3.1% from last year and up 7.0% from last month.
  • Active listings declined by 11.4% to 9,029.   This is the 32nd consecutive month of declining year-over-year inventory levels and was, by far, at the lowest April level in a decade.
  • The average percentage of original list price received at sale in April was 96.6%, the highest April level of the last ten years, up from both last year’s 96.2% and last month’s 96.0%.
  • The median days-on-market was 18 days, the lowest April level of the last 10 years.  It was down eight days compared to last year and was almost half of what it was last month.
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Rodwell Smith

Ever since I can remember, I was always fascinated with my Dad’s and Grandfather’s proficiency very fervently. They could start with a bare piece of land and create a structure for a most appreciative owner to live a better life. RodwellBuildingServices is the career achievement I'm most proud of now. Especially since it started from full utilization of my know-how, every bit of skills and technical capabilities. My life has come full circle to my fathers' as I start with any under improved property and make it into your dream. My niche in the real estate industry is constructed-to-order real estate transactions are my life of services and daily adventures in and around the capital of the free world. RodwellBuildingServices™ benefits keenly customized property sellers, buyers, and users in Washington, DC and up to 50 miles around Maryland and Northern Virginia. We speak to our customers as a Property Improvement and Modernization Builder/Realtor expert. If we haven't provided you with “the real services and the right property for your order,” at any time up to 5 years - we will sell it back from you and help you with a more custom fit.

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