New-home sales in region hit a summer slowdown

REAL ESTATE WATCH

September 20, 1998

New-home sales in the Baltimore region hit a summer `D slowdown, according to July statistics released by Meyers Housing Data Reports, a newsletter that tracks new-home activity.

Regional sales slipped 8.3 percent from June for single-family homes, townhouses and condominiums. But when comparing July with the same period last year, only a 0.9 percent decrease in sales was reported.

Nevertheless, overall year-to-date sales through July have remained strong, showing a 26 percent increase over 1997.

The biggest county drop when comparing July with June came in Howard County, down 17 percent.

That was followed by a 13.5 decrease in Anne Arundel County nTC and a 5.6 percent drop in Baltimore County, despite strong sales in the Randallstown/Catonsville area.

Harford County had no change, and Carroll County, on its single-family sales alone, showed a 15.7 percent increase.

The metropolitan Baltimore market includes the city and the counties of Anne Arundel, Baltimore, Carroll, Harford and Howard.

Pub Date: 9/20/98

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