Baltimore-area residential market sees demand slow in March, but prices remain high

Home sales in Greater Baltimore dipped slightly last month — a year after bidding wars for homes were the norm. The dip, though, did not translate to lower prices as the annual spring selling season starts to ramp up. Data released on Wednesday showed home and condominium sales in Baltimore and its surrounding counties posted a median price of $340,000 in March — a nearly 8% jump from the same month last year. A total of 3,584 residential units changed hands in March, down almost 2% from a year ago, according to data from Rockville-based Bright MLS.