About 5% more houses sold than in August ‘08; average price is 7% less than a year ago
Home sales continued to rise in the Baltimore metro area last month, though the velocity slowed. Buyers got the keys for about 5 percent more homes in August than a year ago, the third month in a row that year-over-year sales increased, according to numbers released Thursday by Metropolitan Regional Information Systems. With her husband transferred to Florida, Emily Brown is trying to sell their house in Brewers Hill. They bought it new for $475,000 in 2006, and it’s on the market at a reduced price of $384,000. If it doesn’t sell soon, they expect to rent it out at a loss.
This was just a quick blurb from a recent real estate article on www.baltimoresun.com. Please click on the link below to read the article in its entirety.
http://feeds2.feedburner.com/baltimoresun/business/realestate/rss2
