DataMarkets & Economy

DC, Baltimore housing markets showing different trends in September

  • Median home price in the Baltimore metro increased 7.9 percent to $253,670 in September.
  • Data from MRIS shows the Washington, D.C. metro's median home price slipped to $399,900, down just $1,00 year-over-year.
  • Both Washington, D.C. and Baltimore have seen a decrease in active listings for five months and 13 months, respectively.

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Washington, D.C and Baltimore offer two very different scenarios as the housing market heads into fall. Median home price in D.C. slightly dropped annually in September, according to MRIS housing data, while Baltimore home prices jumped 7.9 percent. Data compiled by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime based on September MRIS housing data, also shows that both metros saw a decline in active listings, D.C. down 14.3 percent and Baltimore down 13.2 percent. Active listings in Baltimore have been on the decline for 13 straight months. In D.C., it's the fifth month of declines. Overview of Baltimore As mentioned, median home price jumped 7.9 percent year-over-tear to $253,670. This is the highest September median home price since 2008. Continuing the trend of exceeding the previous year, townhome, single-family detached and condo prices are all up 11.4 percent, 8.6 percent and 1 percent, respectively. The median days on the market for homes was 3...