Gene Sementilli GRI, SRS, CRS, PSA, ePRO, MRP
301-807-7797

MLS METRO HOUSING UPDATE

Washington DC Metro Area

Baltimore Metro Area

DC Metro Area - Overview

  • Demand continues to accelerate in 2021.
  • Inventory conditions have become less favorable for buyers as inventory levels continue to decline.
  • Inventory of condos continued the downward trend seen during the past several months, now at two months’ supply in March. Buyer interest in higher-priced condos remained elevated in March.
  • In another sign of the power that sellers have in the market, the March ’21 monthly median sales price ($516.0K) was $16K higher than the median list price – a ten-year record.
  • In Alexandria City, single-family home median sales prices exceeded $1M for the first time ($1.16M).
  • This month set a ten-year record for metro area condo/co-op sales (1,730), up 61% from last year’s pandemic-affected norm and 30% from the “typical” benchmark of March 2019.
  • March also saw new upcoming sales soar to an all-time high. New pending condo sales (2,077) rose to a ten-year best.


Baltimore Metro Area - Overview

  • Demand continues to accelerate in 2021.
  • Total sales volume for March (3,647 units) gained 14% year over year.
  • Homes went under contract in seven days, 18 days fewer than March 2020 and 27 days under March 2019.
  • Upcoming sales of townhomes in Baltimore City saw record highs.
  • The median sales price in Anne Arundel County hit an all-time high of $409K.




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.