Home values in Baltimore up more than 20% annually

New listings activity rose by nearly 20 percent last month
  • Baltimore's supply of for-sale homes rose by 3.8 percent last month.
  • Price appreciation equated to more homes being listed in March.
  • The city's home sales market is in "good shape" because the volume of foreclosure-related sales is diminishing.

Diminishing foreclosure-related sales activity in the city of Baltimore has driven up the market’s overall median home price. Fewer underwater homeowners coupled with this price appreciation has equated to significantly more new listings hitting the market.

“The market is in good shape,” said Andrew Strauch VP of Metropolitan Regional Information Systems (MRIS).