The following information is from a Bright MLS report for August 2023:
Median home prices were up in August in all local jurisdictions in the Baltimore metro area, with the strongest year-over-year price growth in Carroll County (+9.8%) and Anne Arundel County (+6.6%). The median price in Baltimore City rose 4.2% in August, following seven consecutive months of falling or flat home prices in the city.
A lack of inventory is a major constraint across local markets. The number of new listings coming onto the market was down by around 40% in August compared to a year ago in both Carroll County and Howard County. There is just about one month of supply in these two jurisdictions.
But new listings are down significantly in all jurisdictions across the Baltimore region. As a result, homes continue to sell very quickly. In Howard County, for example, the median days on market was just seven in August, the lowest in the region.
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Here are graphics from that report showing the local Baltimore region area data:
View the full August 2023 report here: https://assets.ctfassets.net/1g8q1frp41ix/27rsYgsIZuqvwUyIMWpa1V/23c84955994f69fb9610cd8a4a430a83/Baltimore_August_2023.pdf
