New-home sales continue to fall in metro area


January 11, 1998

New-home sales in the Baltimore metropolitan region continued their downward spiral in November, according to figures released by Housing Data Reports.

Single-family, townhouse and condominium sales dropped 11.1 percent, to 647 from October's 728 units, according to the Washington-based firm that tracks new-home sales. When compared with November 1996, sales were off 5.1 percent.

Carroll County continued to struggle, having the largest drop of all jurisdictions, down 21.6 percent. Baltimore County, although doing 13.1 percent better than during the corresponding period in 1996, was off 15 percent from October.

Howard and Harford counties were down as well. Howard dropped 12 percent, while Harford was off slightly more at 12.5 percent from October. The numbers weren't any more encouraging when compared with the corresponding time in 1996. Harford saw a 27.8 percent dip, while Howard was off 13.2 percent.

Anne Arundel County had a modest 4 percent drop from October, but its 214 overall sales did push it 14 percent above November 1996 numbers.

When broken down, single-family sales for the area were off 16.2 percent from October and 15.4 percent from November 1996.

Townhouse sales fared better, dropping only 8.9 percent from October. When compared with the year-earlier period, townhouse sales actually rose 5.3 percent.

Condominium sales for the region fell just 1.3 percent from October.

Pub Date: 1/11/98

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