Slowdown in Baltimore
[Area home sales ease; city yet to reach peak
Prices still rising with more houses on the market
sun reporter
Originally published February 11, 2006
With each passing month, there is mounting evidence of a mild if uneven slowdown in the regional real estate market, with the number of homes on the market rising steadily as prices and sales slip further from their summer peaks.Prices in the region peaked in July, and January's average sales price of $291,337 was 6.4 percent below that level, according to data from Metropolitan Regional Information Systems Inc., a Rockville company that tracks sales through the multiple listing service. About 2 1/2 times as many homes were listed for sale in the region last month as a year earlier, and sales ran 15 percent or more behind year-earlier levels in most areas.]
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posted by Little_Silvered at 9:37 AM
1 Comments:
I am interested in the Point Pleasant Beach area. I called on a few homes for sale listed this week, (they were older, in need of work and not too close to the ocean). The asking prices were $790k and $664k. We are talking about 3bdrm/1.5 bath fixer-uppers. I think they were each 200k overpriced. Does anyone have info. about price reductions, market, etc. for this area?
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