The Baltimore metropolitan area's new-home market exhibited a "remarkable recovery" during the first quarter, with the Anne Arundel County market showing the most exuberance, the Legg Mason Realty Group reported yesterday.
Sales for the region were 9.2 percent higher than in the first quarter of 1991, rising to 3,480 units sold.
But not all areas improved. Sales slumped in Baltimore and Baltimore County, the report shows.
Nearly a third of the new-home sales in the region were in Anne Arundel County. Sales were especially strong in the Crofton and Odenton areas, where the county is channeling much of its residential growth, said Robert Lefenfeld, vice president at Legg Mason Realty Group, based in Baltimore.
At the Severna Park office of Champion Realty, sales manager George Savani said the relatively low housing costs in Anne Arundel for people who commute to Washington is the most important reason for the market's rebound there.