Housing prices in region rose 11.47% in 2002

February 23, 2003

Average housing prices rose 11.47 percent in Baltimore and its five surrounding counties last year to $183,309 as the area joined 38 other metropolitan areas in the United States that are experiencing double-digit growth.

Sales rose 4.27 percent to 37,118 homes, setting a record for the second year in a row, according to figures released this month by Metropolitan Regional Information Systems Inc., the Rockville-based listing service used by agents and brokers.

The final average sales price and volume of homes sold in each metropolitan jurisdiction last year:

Anne Arundel County: Prices rose 15.94 percent to $245,212. Sales rose 1.24 percent to 8,060 homes.

Baltimore: Prices rose 13.28 percent to $91,208. Sales rose 8.73 percent to 8,541 homes.

Baltimore County: Prices rose 9.65 percent to $171,557. Sales rose 3.13 percent to 10,100 homes.

Carroll County: Prices rose 12.60 percent to $218,341. Sales rose 1.37 percent to 2,367 homes.

Harford County: Prices rose 6.14 percent to $167,604. Sales rose 6.3 percent to 3,360 homes.

Howard County: Prices rose 12.38 percent to $263,532. Sales rose 4.41 percent to 4,690 homes.

- Trif Alatzas

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