Home sales drop slightly in metro area, figures show

Real Estate Watch

December 28, 1997

Despite a strong showing in Howard County, new home sales dropped slightly in the Baltimore metropolitan area, according to figures released for October by Housing Data Reports.

The Washington-based firm that tracks and analyzes new-home sales reported that the area was off 2 percent in total sales from September and 1 percent when compared with October 1996.

The decline would have been worse except for a surge in single-family and townhouse sales in Howard. Sales of single-family homes rose 57.4 percent over the same time last year (74 to 47) and 17.4 percent over September's number. Townhouses had a more moderate increase, with a gain of 13.7 percent over September and 7.4 percent over October 1996.

Otherwise, the only other positive note came in townhouse sales in Baltimore County, where sales were up almost 23 percent over September, but remained unchanged from October 1996. Overall, Baltimore County showed a 2.2 percent gain for all products.

The biggest drop in the area came in Harford County, where overall sales dropped 19.3 percent from September sales figures. Carroll showed the second-greatest decline, falling 14.6 percent, and Anne Arundel was next, down 2.6 percent.

Those declines were magnified when comparing them with the October 1996 overall numbers. Carroll County was off almost 33 percent, Harford was down 12.2 percent and Baltimore County fell 3.3 percent.

For the year, the area is down 5 percent for all sales.

Pub Date: 12/28/97

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