Baltimore, MD housing market

In Baltimore this June, the typical asking price sits about forty thousand dollars above what the typical home is actually worth, and that gap is deciding who sells and who sits. The median list price is running about two hundred sixty-five thousand dollars, while the typical home value is closer to two hundred twenty-three thousand dollars, up only about half a percent from a year ago. That is a market where sellers are reaching and buyers are not following. Homes that do find a buyer are taking around 47 days to get there, and nearly one in five active listings has already cut its price. With roughly two thousand six hundred homes on the market and about one thousand one hundred new listings coming on, buyers have room to be picky, and they are using it. If you are selling here, the math is simple. Price at what the market is paying, not what the listings around you are asking, and you can move well inside that 47 day window. Start high, and expect to join the cut list before you find your buyer.