October sales of new homes up 13.6% over Sept.

Real Estate Watch

December 27, 1998

October new-home sales in the Baltimore metropolitan area grew 13.6 percent over September and 13.9 percent over the same period last year, according to statistics released by Meyers Housing Data Reports.

Harford County led jurisdictions with a 34 percent increase compared with September sales, followed by Baltimore County at 15 percent and Howard County at 14.5 percent. Anne Arundel County sales were unchanged.

The largest percentage gains for Harford County came from townhouse sales, with a jump of 48.2 percent compared with September. However, Harford and Howard counties were down from October 1997 -- dropping 18.8 percent and 18 percent, respectively.

Every county, except Anne Arundel, also saw an increase in single-family homes sold. Harford County led the way, up 27.8 percent compared with September, while Howard County saw an 18.5 percent increase.

Though condominium sales for the region were up 32 percent compared with October 1997, sales dipped 5 percent from September to October.

Baltimore City led the region in total sales with a 75 percent increase over September's transactions a result of a 75 percent sales gain by Struever Brothers, Eccles and Rouse Inc. at its Townes at the Terraces. The Terraces development is going up at the site of the demolished Lexington Terrace public housing high-rises.

Pub Date: 12/27/98

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