MRIS reports DC, Baltimore housing conditions for February

Conditions favor buyers in Baltimore, sellers in DC
  • The median days on the market for an existing home in Washington, D.C. stands at 20 days.
  • Buyers paid 99 percent of a homes' original listing price in the district last month.
  • Median days on the market for a home in Baltimore is 72.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Recent existing home sales data for Washington, D.C. and Baltimore suggest it's a seller's market in the district and a time for buyers in the Charm City. In February, the District witnessed a number of market conditions that benefit sellers: a favorable listing-to-sales price ratio, rising sales prices, an increase in pending new sales and low days on the market. The city of Baltimore was the opposite, as the market's listing-to-sales price ratio declined and sales price remained unchanged on a year-over-year basis. Washington DC Last month, homes in the district sold at 99 percent of their original listing price, with a number of them selling in less than 20 days, according to a report from MRIS. The demand for housing pushed existing sales activity up 4 percent on a year-over-year basis and drove the median sales price to $538,000. Another good sign for sellers, among the regions that comprise the DC metro witnessed the largest year-over-year rise in new pending s...