DC and Baltimore market share similar trends in May, report shows

Both metros experiencing declining inventory and fewer days on the market
  • Both metros featured highs for the month in closed and pending sales.
  • Baltimore metro median sales price rose 4.8 percent year-over-year to reach $262,000, the highest May sales price since 2008.
  • Homes are moving off the market more rapidly in Baltimore as compared to last year.
  • Sellers in D.C. received 98.3 percent of original list price at sale, faring slightly better than May 2015.

It’s a good time to be in the selling business in the Washington D.C. and Baltimore metros. Although not alike in price point, the D.C. and Baltimore market shared similar trends last month, with rises in sales volumes, more closed sales and declining inventories.