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by CareyBot

Maryland home sales dropped for the 13th straight month in October amid a massive supply of inventory, as home prices posted slight year-over-year growth, according to statistics provided by the Maryland Association of Realtors. Realtors reported 6,076 sales last month, down 26.1 percent from October 2005 when 8,217 homes were sold. Statistics include new and existing single-family homes, condos and townhomes. The overall median price for single-family homes and condos was $307,135 in October, mostly unchanged from September, but up 3.2 percent from the year-ago median of $297,682. Among the areas reporting the steepest declines in sales compared to a year ago were: Anne Arundel, down 28.5 percent; Baltimore (city), down 26.7 percent; Montgomery County, down 26.2 percent; and Prince Geor...