Baltimore-area home listings dropped nearly 40% in July as inventory woes continue

Greater Baltimore homes sold in about a week on average during July as supply and demand issues continued to impact the market, a new report showed Friday. While sales were brisk, the number of homes listed dropped by nearly 40% last month, according to data provided by Bright MLS. That is a more than 20-year low that is blamed on higher interest rates, which has caused many would-be sellers to stay put.