The number of homes sold in Greater Baltimore rose nearly 10 percent in February, but the median sale price continued to slip, according to a report released Wednesday.
During February, 1,177 homes were sold across the Baltimore area, according to Rockville-based market research firm Metropolitan Regional Information Systems Inc. That’s up from 1,071 homes sold in period a year earlier.
Meanwhile, the median sale price dropped more than 5 percent in February across Greater Baltimore from $243,000 last year to $230,000.
The data includes home sales in Baltimore City, Anne Arundel County, Baltimore County, Carroll County, Harford County and Howard County.
The average number of days home stayed on the market, however, showed improvement.
Homes sat on the market an average of 121 days in February, compared with 142 during the same month a year ago.
In Baltimore City, the number of homes sold spiked 25 percent from 232 last year to 289 this February. The median sale price dropped nearly 19 percent to $115,000.
Meantime, in Howard County the number of units sold increased nearly 20 percent from 133 to 159. The median sale price dropped nearly 7 percent to $336,000.
Nick Gioia | www.ngrealtygroup.com