Home sales across the Baltimore area continued to increase in June by nearly 9 percent, while median sale prices also took their biggest jump in three years.
During the month, 2,579 homes sold across Greater Baltimore, according to Rockville market research firm Metropolitan Regional Information Systems Inc. That was up from 2,375 in June 2009.
The median sale price in the Baltimore area — Baltimore City and Anne Arundel County, Baltimore County, Carroll County, Harford County and Howard County — increased 2 percent to $255,000. That was up from $250,000 during the same month last year. In May the median sale price dropped more than 4 percent to $235,000.
MRIS’ report comes one day after Clear Capital released data saying the Baltimore area was among two major markets not to see housing prices rise in the past year.
Meantime, the average number of days home stayed on the market in June across the Baltimore area also improved to 100 days, a more than 17 percent decline, according to MRIS.
In Baltimore City, the number of homes sold in June increased 11 percent to 579 compared with 521 during the month last year. But the median sale price of homes fell nearly 8 percent to $143,000.
Baltimore County home sales jumped nearly 1 percent to 681, and the median sale price held steady at nearly $230,000.
Anne Arundel County saw the biggest bump in home sales in the Baltimore area. Sales increased more than 15 percent to 556 in June. The median sale price spiked 5 percent to $325,000.
Nick Gioia | www.NGRealtyGroup.com