he decline in home prices in the Baltimore metro area accelerated last month - the average fell below the 2005 figure - but the hemorrhaging in sales came to a near-halt.
The average sale price in Baltimore and its five surrounding counties dropped to about $296,000, according to numbers released yesterday by Rockville-based Metropolitan Regional Information Systems.
That's down nearly 6 percent from a year ago. And it's $7,500 less than sellers got in September 2005, at the height of the buying frenzy.
While that price drop was the largest since the housing slump began, the decline in home sales slowed markedly. Sales were off about 2 percent from a year earlier, compared with months of year-over-year declines around 30 percent. In two counties - Howard and Carroll - sales rose last month. read more
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