Baltimore Home Prices Rose Nearly 7% in January
By
February 13, 2017
Baltimore area home prices continued to
climb in January, as steady demand and fewer foreclosures pushed a
streak of year-over-year gains into the 11th month.
The median home price in the metro
region last month was $234,950, up 6.8% from a year earlier, according
to a monthly report based on data from the MRIS listing service.
The gains come as Baltimore's housing market appears to be shaking off several years of sluggish appreciation.
Excluding distressed sales such as foreclosures, the median price increased 5.4% from a year ago to $268,750.
That was the biggest year-over-year gain
for standard sales in more than three years, according to the report,
which was provided by ShowingTime, a firm that provides market
statistics to the residential real estate industry.
Read more here.
--National Mortgage News
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