Friday, May 17, 2024 | Baltimore, MD
Baltimore, MD
66°
Cloudy
FOLLOW US:

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

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.