Local Market Insight

According to MRIS statistics calculated January 04, 2013, in the Baltimore Metro Area:

New Listings were down in December 27.7 % from the previous month and down a half percent from the previous year.

New Pendings were down 16.2 % from the previous month and up 9.3 % over the previous December.

Closed Sales were down 3.6 % from the previous month and up 12.7 % over December 2011.

The median sold price was $235,000, up 2.2 % over Nov. 2012 and up 6.9 % over the stats from December 2011.

Active Listing are down over both comparitive time frames, Average Days on the Market are down slightly compared to last month and down a bit more compared to last year plus the Average Sold to Old List Price Ratio is creaping up over last year and holding steady over last month. (All good news relative to the Baltimore region in general.)

For Howard County, MD, Monthly Market Statistics for December 2012 (compared to Dec. 2011):

Sold Dollar Volume is up 15.75 %.
Average Sold Price is down 2.87 %.
Median Sold Price is up 1.45%.
Units Sold is up 19.17 %.
Average Days on the Market is down 22.12 %.
Average List Price for Solds is down 4.35 %
Average Sold Price to Old List Price Ratio is up 1.82 %.
Ratio of Average Sold Price to Average Old List Price is up 2.39 %.
Attached Average Sold price is down 1.96 %.
Detached Average Sold Price is up 3.14 %.
Attached Units Sold is up 45.33 %.
Detached units Sold is up 2.54 %.

Inventory:

Active Listings are down 33.82 %.
New Listings are down 22.91 %.
New Under Contracts are up 32.69 %.
New Contingents remained the same (no increase or decrease).
New Pendings increased 18.28 %.
All Pendings are up 29.05 % last month over the previous December.

Financing:

No Assumptions.
29 Cash Sales.
139 Conventional Sales.
37 FHA financed Sales.
8 other.
No owner financed Sales.
17 VA financed Sales.

Days On Market (SOLD):

0 (days):    4  properties sold
1-10:        44  "
11-20:      27  "
21-30:      17  "
31-60:      34  "
61-90:      25  "
91-120:    18  "
121-180:  26  "
181-360:  27  "
361-720:    6  "
721+:         1  "

If you want more detail relative to types of homes sold in different price categories or would like this sent to you when the numbers come out next month for January, just email me at Kangrga@mris.com and I will forward you the report from REALESTATE BUSINESS INTELLIGENCE(rbi), an MRIS Company.