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Baltimore Metropolitan Area Market Conditions Report
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® The Long & Foster Market Conditions Report
14
Baltimore Metropolitan Area - September 2013
●
● The current median sale price was 5%
higher than the same month last year.
This September, the current median
sale price of $248,500 was similar to
the median sale price of last month.
Highlights
$2
27
,50
0
$2
19
,00
0
$2
25
,00
0
$2
19
,90
0
$2
10
,00
0
$2
10
,00
0
$2
17
,90
0
$2
37
,92
6
$2
40
,00
0
$2
50
,00
0
$2
50
,00
0
$2
40
,00
0
$2
36
,00
0
$2
30
,00
0
$2
30
,00
0
$2
35
,00
0
$2
13
,00
0
$2
15
,00
0
$2
29
,20
0
$2
40
,00
0
$2
50
,00
0
$2
60
,00
0
$2
65
,00
0
$2
50
,50
1
$2
48
,50
0
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Median Sales Price
$210,0
00
$289,9
50
$115,0
00
$370,0
00
$229,0
00
$215,0
00
$299,5
50
$130,0
00
$375,0
00
$226,5
00
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Baltimore
County
Anne Arundel
County
Baltimore
City
Howard
County
Harford
County
Median Sale PriceOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-3%
-9%
-2%
-2%
0%
0%
9% 1
0%
9%
6%
11
%
2%
4% 5
%
2%
7%
1% 2
%
5%
1%
4%
4%
6%
4% 5
%
-14%
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
14%
Median Sale PricePercent Change Year/Year
® The Long & Foster Market Conditions Report
15
Baltimore Metropolitan Area - September 2013
2,0
05
1,7
12
1,7
69
1,8
56
1,4
26
1,5
61
2,0
28
2,1
34
2,5
16 2,7
18
2,4
65
2,5
51
2,1
95
2,0
71 2,2
37
2,0
66
1,6
42
1,5
65
2,0
88
2,4
41
2,9
26
3,2
66
3,1
56
2,9
67
2,4
93
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Units Sold
579
490
444
283
203
709
588
473
275
238
0
400
800
Baltimore
County
Anne Arundel
County
Baltimore
City
Howard
County
Harford
County
Total Units SoldOf Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
● There was a decrease of 16% in total
units sold in September compared to
August.
Highlights
This month's total units sold was
higher than at this time last year, an
increase of 14% versus September 2012.
6%
4%
7%
-1%
-3%
6%
1%
0%
12
%
7% 7%
17
%
9%
21
%
26
%
11
%
15
%
0%
3%
14
% 16
%
20
%
28
%
16
%
14
%
-10%
0%
10%
20%
30%
Total Units SoldPercent Change Year/Year
® The Long & Foster Market Conditions Report
16
Baltimore Metropolitan Area - September 2013
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Units Sold by Type
Detached Attached Condo
1,363
55%
953
38%
177
7%
Total Units Sold by TypeCurrent Month
Detached Attached Condo
539
22%
1,031
41%
553
22%
220
9%
150
6%
Total Units Sold by Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
200
400
600
800
1,000
1,200
1,400
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
® The Long & Foster Market Conditions Report
17
Baltimore Metropolitan Area - September 2013
17
,94
2
17
,32
0
16
,02
9
14
,41
4
13
,81
5
13
,72
7
14
,20
7
14
,83
2
14
,86
3
14
,70
3
14
,23
9
13
,70
4
13
,54
3
13
,18
1
12
,34
0
11
,31
9
11
,15
0
11
,33
8
11
,78
4
12
,79
6
13
,33
9
13
,46
2
13
,31
5
13
,06
6
12
,83
2
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Total Active Inventory
3,2
27
2,8
43
3,4
18
1,1
60
1,4
14
3,0
12
2,7
63
3,2
22
1,0
55
1,2
81
0
1,000
2,000
3,000
4,000
5,000
6,000
Baltimore
County
Anne
Arundel
County
Baltimore
City
Howard
County
Harford
County
Total Active InventoryOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-14
%
-15
%
-18
%
-23
%
-23
%
-23
%
-22
%
-21
%
-22
%
-23
%
-24
%
-25
%
-25
%
-24
%
-23
%
-21
% -19
% -17
%
-17
%
-14
%
-10
% -8% -6
% -5%
-5%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
Total Active InventoryPercent Change Year/Year
●
● Versus last September, the total
number of homes available was lower
by 711 units or 5%.
Highlights
September's total active inventory of
12,832 units was 2% lower than the
previous month's supply of inventory.
® The Long & Foster Market Conditions Report
18
Baltimore Metropolitan Area - September 2013
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Total Active Inventory by Type
Detached Attached Condo
7,753
60%
4,246
33%
833
7%
Total Active Inventory by
TypeCurrent Month
Detached Attached Condo
3,176
25%
4,068
32%
2,368
18%
1,434
11%
1,786
14%
Total Active Inventory by
Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
® The Long & Foster Market Conditions Report
19
Baltimore Metropolitan Area - September 2013
95
.6%
95
.6%
95
.6%
95
.3%
95
.5%
95
.1%
95
.8%
95
.5%
96
.4%
96
.4% 9
6.8
%
96
.7%
96
.2%
96
.8%
96
.8%
96
.7%
96
.5% 9
6.9
%
96
.8% 97
.1%
97
.6% 97
.8%
97
.6%
97
.5%
97
.3%
93.5%
94.0%
94.5%
95.0%
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
98.5%
Average Sale Price as a Percent of List Price
95.5
%
96.3
%
96.3
%
97.1
%
97.0
%
97.0
%
97.2
%
97.1
%
98.0
%
97.6
%
93.0%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
100.0%
Baltimore
County
Anne
Arundel
County
Baltimore
City
Howard
County
Harford
County
Sale Price as % of List PriceOf Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago58 77
Down -25% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago97.3% 96.2%
Up 1.1% Vs. Year Ago
86%
88%
90%
92%
94%
96%
98%
100%
Average Sale Price as a Percent of List Price by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
9794 94
100100 99
105
98
85
78 77 78 77 78 7981 81
87
82
75
6058 57 58 58
55
65
75
85
95
105
115Days on Market
® The Long & Foster Market Conditions Report
20
Baltimore Metropolitan Area - September 2013$5
47,4
38
$437
,511
$464
,704
$494
,423
$365
,176
$380
,189 $5
12,8
51
$610
,833
$702
,631 $8
22,4
70
$729
,549
$724
,948
$624
,351
$554
,957
$610
,219
$579
,587
$409
,096
$391
,588 $5
56,7
09 $692
,507
$871
,868
$986
,686
$983
,028
$868
,644
$719
,257
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Total Dollar Volume SoldIn Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago$719,256,938 $624,350,703
Up 15% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago5.2 6.2
Down -17% Vs. Year Ago
9.0
10
.1
9.1
7.8
9.7
8.8
7.0
7.0
5.9
5.4 5
.8
5.4
6.2 6.4
5.5
5.5
6.8 7
.2
5.6
5.2
4.6
4.1 4.2 4.4
5.2
0
2
4
6
8
10
12
Months of SupplyCurrent Month's Active Inventory/Current Month's Unit Sales
●
●
Highlights
Total volume sold this September was
15% greater than the same month one
year ago.
In September, there was 5.2 months of
supply available, compared to 6.2 in
September 2012. That was a decrease
of 17% versus a year ago.
® The Long & Foster Market Conditions Report
21
Baltimore Metropolitan Area - September 20133
,35
1
3,3
55
2,5
62
1,8
89
2,9
50 3,3
61
4,4
25
4,3
23
4,1
29
3,8
92
3,5
94
3,6
10
3,3
35
3,2
90
2,6
27
1,9
05
3,1
37
3,2
91
4,2
92
5,1
23
4,9
60
4,4
23
4,3
48
4,2
02
4,0
46
1,7
23
1,8
95
1,7
54
1,4
34
1,7
76
2,0
90 2
,65
2
2,5
50
2,6
14
2,4
56
2,4
17
2,3
76
2,0
41
2,2
02
1,8
64
1,5
36 1,9
80
2,1
23
2,8
35
3,2
00
3,2
61
2,9
37
2,8
94
2,7
87
2,6
51
0
1,000
2,000
3,000
4,000
5,000
6,000
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago4,046 3,335
Up 21% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago2,651 2,041
Up 30% Vs. Year Ago
1.9
1.8
1.51.3
1.7 1.61.7 1.7
1.6 1.61.5 1.5
1.61.5
1.4
1.2
1.6 1.6 1.51.6
1.5 1.5 1.5 1.5 1.5
0.0
0.5
1.0
1.5
2.0
2.5
Supply/Demand RatioNumber of New Listings to New Contracts
870
733
786
346
326
1,0
38
899
991
440
354
0200400600800
1,0001,200
Baltimore
County
Anne
ArundelCounty
Baltimore
City
Howard
County
Harford
County
New ListingsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
542
478
433
227
169
720
603
591
285
244
0
200
400
600
800
1,000
1,200
Baltimore
County
Anne
ArundelCounty
Baltimore
City
Howard
County
Harford
County
New ContractsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.5,
a decrease of 7% from September 2012.
Highlights
