"Active listings climbed to 2,576 homes in March - up 16.9% year over year, nearly three times the national growth rate of 6.2%. Meanwhile, new listings actually fell 7.5%, which tells the real story: homes aren't selling as fast as they're piling up."
"The median list price fell to $222,500 in March - down 7.3% from a year ago, compared to just a 2.1% dip nationally. On top of that, 16.7% of active listings carried a price reduction, up from a year ago."
"The typical Baltimore home spent 49 days on the market in March - a 34.7% jump year over year, far outpacing the national increase of just 7.5%. That kind of slowdown isn't seasonal noise - it's a signal that buyer urgency evaporated."
Baltimore's real estate market has shifted towards buyers, with inventory increasing by 16.9% year over year, while prices have dropped by 7.3%. The median list price is now $222,500, and 16.7% of active listings have seen price reductions. Homes are taking longer to sell, averaging 49 days on the market, a 34.7% increase from the previous year. This shift allows buyers to negotiate better deals, while sellers must adopt realistic pricing strategies to avoid prolonged sales periods.
Read at SFGATE
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