Regional sales of homes rose 12% in '99 to 119,000

INDUSTRY WATCH

March 12, 2000

With more than 119,000 homes sold, housing sales in areas covered by Metropolitan Regional Information Systems Inc. rose 12 percent last year, the real estate information provider said.

In Maryland, Montgomery County had the most sales, 14,706, and the highest average sales price of $241,800. Sales in suburban Maryland were up 15.4 percent from 1998 to 26,412 in 1999. Baltimore-area sales climbed 7.1 percent to 30,856. Sales on the Eastern Shore increased 2.6 percent to 3,070. Western Maryland sales rose 7 percent to 2,152. Sales in Southern Maryland increased 8.3 percent to 4,086. Washington sales were up 14.5 percent to 7,680.

MRIS covers Washington, most of Maryland and parts of Virginia, Pennsylvania and West Virginia.

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