Baltimore, MD housing market

Baltimore home values went nowhere this past year, and nearly one in four sellers has cut their price. Here is what that means if you are weighing a sale this fall. The typical Baltimore home is worth about two hundred fourteen thousand dollars, and that number has not moved in twelve months, literally zero growth. Meanwhile there are about two thousand eight hundred homes for sale, with nearly a thousand new listings hitting the market recently, so buyers have options and they have time. But here is where sellers get tripped up. The median list price is about two hundred fifty-five thousand dollars, roughly forty thousand dollars above the typical home's value. That gap is why nearly a quarter of active listings have already taken a price cut, and why the typical home now sits on the market for about 56 days before going under contract. If you are selling in Baltimore right now, price at the market from day one, because aiming high means sitting for two months and then cutting anyway. To see where your home actually lands in this market, get a free home value estimate at Home Value Pros dot com.