New-home sales fell in Jan. when compared to '98

Real Estate Watch

April 04, 1999

Although new-home sales in the Baltimore metropolitan region rose over December totals, the number of units sold in January fell by 23.7 percent when compared with January 1998, according to statistics released by Meyers Housing Data Reports.

The Washington firm that tracks new-home construction reported that the hardest-hit counties were Anne Arundel and Howard, which dropped 29.5 percent and 26.3 percent from the same period last year. Baltimore County was off by 24.6 percent when compared with January 1998.

Sales of single-family detached homes dropped 3.7 percent; townhouses were down 28.7 and condominium sales sagged by 18 percent.

However, when compared with December, the region showed a 11.5 percent gain.

Baltimore County January sales grew by 31.1 percent and Howard County was up 23.6 percent over the previous month. Howard County -- with a 30.5 percent increase -- had the biggest gain in single-family sales; townhouse and condominium sales soared in Baltimore County with increases of 43.5 percent and 105 percent over December's totals.

Pub Date: 4/04/99

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