Prior to COVID-19 shut downs, the Baltimore-area housing market set a 10-year record for closed and pending sales in February as median sale prices across the region continue to soar. Closed sales were up 16.2% across the region in February 2020 compared to February 2019, while pending sales were up 14.3%. These increases came as the median sale price for homes in Baltimore metro area increased 10.2% to $265,000 compared to February 2019, the 16th consecutive month of year-over-year gains, according to the report, which used data provided by MarketStats by ShowingTime based on listing activity from Bright MLS. Median days on the market also continued to decline, dropping to 38 days compared to 49 days last February.

Of course everyone everywhere saw a decline for a short period after that, but we’re happy to announce that not only have Baltimore numbers rebounded, they have again beat market expectations. In this October 2020 Article from the Baltimore Sun you will find that sales prices have rebounded in full and are currently also exceeding list prices on average, across all local inventory. Further, with mortgage rates in amazing territory, the important Days on Market trend in the Baltimore real estate market is at an all time low!