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"Home sales fell faster in Maryland than in any other state in the nation in the first three months of the year, dropping more than even in hard-hit spots of the country such as California, a Realtors group said yesterday.
Sales in January through March dropped nearly 39 percent in Maryland compared with the same months last year, the National Association of Realtors said. Close behind were Washington, D.C., where sales were down almost 35 percent; Utah, down almost 34 percent; and California, down about 33 percent.
But the decline in prices was not as precipitous. The Realtors, who track values by metro area rather than state, said the median price of single-family homes fell 3 percent in the Baltimore metro area in those months, which was middle of the pack in the country. In the Washington metro area, which includes parts of Maryland, the price fell 13 percent, still a far cry from the drops on the West Coast. Sales prices fell more than 25 percent in both Sacramento and Riverside, Calif."
Md. home sales fall furthest in nation -- -- baltimoresun.com
Sales in January through March dropped nearly 39 percent in Maryland compared with the same months last year, the National Association of Realtors said. Close behind were Washington, D.C., where sales were down almost 35 percent; Utah, down almost 34 percent; and California, down about 33 percent.
But the decline in prices was not as precipitous. The Realtors, who track values by metro area rather than state, said the median price of single-family homes fell 3 percent in the Baltimore metro area in those months, which was middle of the pack in the country. In the Washington metro area, which includes parts of Maryland, the price fell 13 percent, still a far cry from the drops on the West Coast. Sales prices fell more than 25 percent in both Sacramento and Riverside, Calif."
Md. home sales fall furthest in nation -- -- baltimoresun.com