House sales up 2nd month in row

March 07, 1993|By Frank Lynch | Frank Lynch,Staff Writer

For the second straight month housing settlements in Harford County increased, according to a report compiled by the Central Maryland Multiple Listing Service, a wholly owned subsidiary of the Greater Baltimore Board of Realtors.

Harford settlements rose 23 percent, with 116 units settled as of Feb. 28, compared to 94 for February of last year. The number of units settled from Jan. 1 through Feb. 28 also reflected a 23 percent increase, with 250 units settled this year compared to 203 units settled through February 1992.

Harford's increase in settlements was the highest in the Baltimore area, which showed only a 1 percent increase to 931 in February 1993 from 921 in February 1992.

Only Carroll and Howard counties joined Harford with an increase in settled units for February. Settlements rose 16 percent in Carroll, and 3 percent in Howard.

Baltimore City settled units fell 8 percent to 209 in February 1993 from 227 in February 1992. Baltimore County fell 2 percent to 338 in 1993, from 346 in 1992.

The number of pending units, those awaiting settlement, in Harford fell 19 percent with 179 in February 1993 compared to 221 in February 1992. The greater Baltimore area sustained a 27 percent drop, showing 1,327 for February 1993 and 1,834 in February 1992.

Harford's dollar volume of settled house sales rose 19 percent, from the February 1992 figure of $12,480,689 to $14,882,112 in February 1993.

Year-to-date dollar volume in Harford was up 21 percent, at $32,130,799 in February 1993 compared to the February 1992 figure of $26,354,655.

While the average price of a home in the Baltimore area for February 1993 was $129,956, a 3 percent increase over the 1992 figure of $126,044, Harford's average price fell 3 percent. A typical Harford home cost $128,294 in February compared to $132,773 in 1992.

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.