"Active inventory climbed 13.5% year over year, median list prices fell nearly 8.2%, and homes sat on the market longer than a year ago."
"Baltimore's median list price dropped to $225,000 in April - already one of the most affordable major metro markets in the U.S., and now 8.2% cheaper than a year ago."
"The typical Baltimore home spent 43 days on the market in April - up 21.1% from a year ago."
"17.4% of listings took a price cut in April, slightly above the national rate - and that share is still climbing while the national rate fell."
Baltimore's real estate market has shifted in favor of buyers, with active inventory increasing by 13.5% year over year and median list prices dropping by 8.2%. Homes are taking longer to sell, averaging 43 days on the market, which is a 21.1% increase from the previous year. The number of active listings reached 2,715, while new listings decreased by 1.4%. Sellers are advised to price competitively as 17.4% of listings experienced price cuts, indicating a need for strategic pricing to attract buyers.
Read at SFGATE
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