New-home sales in area drop 23% from year earlier

Real Estate Watch

April 25, 1999

New-home sales for the Baltimore metropolitan area were 23 percent lower in February than in February 1998, according to statistics released by the Meyers Group, a Washington firm that tracks new-home sales.

Sales did increase 17.9 percent over January 1999, however.

Carroll County experienced the greatest gains in February as sales increased 51.7 percent over January. Carroll County was the only county where sales were higher than in February 1998, rising 23.1 percent.

Sales of single-family homes in the area were up 19.9 percent between January and February with 470 units sold.

The greatest month-to-month increases were found in Carroll and Baltimore counties, where sales rose 51.7 and 44.4 percent respectively.

Harford County recorded the largest increase in townhouse sales with a 55 percent rise over January. Baltimore County sold the most townhouses overall with 136.

Baltimore County also had the most condominium sales with 43 units sold in February, a 22.9 percent increase from January.

Pub Date: 4/25/99

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