Housing Markets: Baltimore vs Washington
Capital-area inventory drops as houses on market less time
Home-sale trends are generally stronger in and around Washington, but the Baltimore area is showing some signs of life. That’s the conclusion of a new report by Delta Associates, a real estate information and consulting firm, and Metropolitan Regional Information Systems, which runs the region’s multiple-listing service.
Sales in the summer were up about 7 percent from a year earlier in the D.C. region, and there were 5.4 months of inventory - “below the normal, healthy standard of 6 months, signaling that demand is beginning to outpace supply,” the report notes. (”Months of inventory” refers to the time it would take homes listed for sale to find buyers at the current pace of transactions.)
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