County housing settlements decline 8% in March

April 18, 1993|By Frank Lynch | Frank Lynch,Staff Writer

Housing settlements in Harford County dropped 8 percent in March after increasing in the first two months of 1993.

A report issued by the Greater Baltimore Board of Realtors showed that 173 units settled last month in the county, compared with 189 in March 1992.

Overall, the metropolitan area showed a decrease of 15 percent in settled units with 1,260 last month, compared with 1,484 in 1992.

Baltimore County had the greatest decrease in settled units -- 22 percent -- with 449 last month and 580 in March 1992. Carroll County settled units also fell at a double-digit rate, 18 percent, down to 125 from 154 last March.

Year-to-date figures show that Harford settlements total 423, up 8 percent from the 392 last year.

The number of units awaiting settlement in Harford fell 12 percent, with 203 last month compared with 232 in March 1992. The metro area had a 12 percent loss in the category, showing 1,658 last month compared with 1,880 in March 1992.

Andrew J. A. Chriss, president of the Realtors board, blamed the drop on bad weather.

Harford's dollar volume of settled house sales fell 10 percent from the March 1992 figure of $23,206,753 to $20,826,056.

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