September 2020 Housing Market Update: The Washington D.C. and Baltimore Metro markets remained strong, with single-digit days on market and record-setting median sales price increases in both areas.
Washington DC Area Market
Baltimore Area Market
Washington DC Metro Overview
- The metro area median sales price ($512.0K) hit a September high, up by a record $81.0K (+18.8%) from last year.
- In Fairfax County, the median price of a single-family home ($770.0K) shot up +$95.0K (14.1%) from last year.
- Montgomery County single-family homes hit a ten-year high ($666.0K). Potomac detached homes closed for $1.1M (+21.6%).
- The metro region marked a ten-year high for condo/co-op sales (1,575, up 43.7%).
- Homes continued to sell at a record-setting pace, remaining at an all-time low seven days for a second month.
- The number of sold listings coming off the market in ten days or less (3,285) more than doubled from last year (+105.3%). Montgomery County saw a 153.8% increase.
Baltimore Metro Overview
- Single-family homes had a median sales price of $405.0K, a decade best, up 12.5%.
- Anne Arundel remained one of the hottest areas in the metro, with single-family homes selling for a county record of $485.0K (+21.3%).
- Townhomes in Baltimore County sold for a ten-year record price of $236.0K (+7.3%). Owings Mills townhomes sold for $262.5K (+7.2%).
- Sales of townhomes (2,051, up 33.6%) had their greatest year-over-year gain in over seven years.
- Baltimore City saw a September record 671 townhome sales (+27.8%).
- Days on the market slipped to single digits for the first time in area history, landing at an all-time low.
- Sales of homes on the market for ten days or less (2,253) rose by 145.2%.
About the DC Metro Housing Market Update
The DC Metro Area Housing Market Update provides unique insights into the state of the current housing market by measuring the number of new pending sales, trends by home characteristics, and key indicators through the most recent month compiled directly from Multiple Listing Service (MLS) data in ShowingTime’s proprietary database. The DC Metro Area housing market includes: Washington, D.C., Montgomery County and Prince George’s County in Maryland, and Alexandria City, Arlington County, Fairfax County, Fairfax City, and Falls Church City in Virginia. Data provided by MarketStats by ShowingTime, based on listing activity from Bright MLS.
About the Baltimore Metro Housing Market Update
The Baltimore Metro Area Housing Market Update provides unique insights into the state of the current housing market by measuring the number of new pending sales, trends by home characteristics, and key indicators through the most recent month compiled directly from Multiple Listing Service (MLS) data in ShowingTime’s proprietary database. The Baltimore Metro Area housing market includes the City of Baltimore, Anne Arundel County, Baltimore County, Carroll County, Harford County and Howard County in Maryland. Data provided by MarketStats by ShowingTime, based on listing activity from Bright MLS.