New-home sales in Howard counter decline for area

Real Estate Watch

October 12, 1997

A strong showing in Howard County slowed the slide of new-home sales in August for the Baltimore region, according to statistics released by Housing Data Reports, a Washington firm that tracks new-home sales.

Overall, the area was down 1.8 percent from July, and 4.8 percent lower than August 1996 sales. However, Howard County saw increases across the board in single-family, townhouse and condominium sales.

Single-family sales in Howard County were up 53 percent over July.

Townhouse sales for the county were up 13 percent, and condominium sales were slightly improved.

Baltimore-area single-family house sales were up 17 percent over the same period last year and 6 percent higher than for July. In fact, single-family houses captured almost 50 percent of the new-home market.

Anne Arundel County also saw an increase in single-family and townhouse sales, both climbing 12 percent over July's figures.

Nevertheless, Baltimore-area townhouse sales swooned. Townhouse sales overall fell 14 percent from July to August, and were off 20.5 percent from August 1996. Baltimore County had the most severe drop, plummeting 30 percent from July and 31.6 percent from August 1996.

As for overall condominium sales, the area had an 8.2 percent drop from August 1996, but increased 17.1 percent over July figures. Anne Arundel had the biggest monthly increase, growing 27.2 percent over July. Baltimore County sales also improved, climbing 2.6 percent over July.

Pub Date: 10/12/97

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