The September Housing Market Update data provided by MarketStats by ShowingTime based on listing activity from Bright MLS for the D.C. Metro and Baltimore Metro was released Tuesday revealing the status of the metros.
Washington, D.C., showed an increase in sales price of 1.3 percent, or $5,100 compared to last year, but was down 5.8 percent or $25,000 compared to last month—the highest September price of the last decade.
Baltimore, on the other hand, was down in both month-over-month and year-over-year, with a decline of 0.3 percent or $670 from last year and 4.5 percent or $12,000 from last month. This is an interesting trend considering the widely discussed lack of housing inventory inflating home prices.
Sales volume across the D.C. metro was down 2.2 percent at nearly $2 billion from last year, while Baltimore was over $917 million, up 0.2 percent from last year. Median days on the market for D.C. were 20 days, four days lower than last year. Baltimore was down from 36 days in 2016 to 29 days in 2017.
Another decade high came in the form of the average percentage of original list price received at sale in Baltimore. In September, this percent was up from 94.9 percent last month to 95.5 percent and up from 2016’s 95.5 percent.
In Baltimore, “active listings declined by 11.4 percent to 11,025, the 25th consecutive month of declining year-over-year inventory levels and the lowest September levels in a decade,” according to the report.