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Baltimore, MD

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

August 14, 2023

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.

Article Source: Baltimore Business Journal

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