Number of homes on the market in the Baltimore metro area for under $250,000 in May 2006: 3,600.
In May 2007: 5,400.
In May 2008: almost 7,400.
Baltimore metro area home sales fell 30 percent in May compared with a year ago, continuing the trend. Average prices were up modestly -- 1 percent, to about $316,000 -- but median prices were down about the same amount. (The median is the midpoint, which means half the homes are more expensive and half are less.)
Seems like the housing market has been playing the same song since last September.
Interested in seeing the figures or checking out county-by-county performance? Go to Metropolitan Regional Information Systems' stats page. (http://weblogs.baltimoresun.com/business/realestate/blog/)
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