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Report: Fewer Homes Being Listed In Baltimore Area

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BALTIMORE (AP) — New figures suggest that Baltimore-area residents are becoming reluctant to put their homes up for sale.

According to real estate data released Monday by Metropolitan Regional Information Systems, the number of new homes listed for sale fell 23 percent in September. It is the fourth straight month that new listings for the Baltimore-area has decreased compared with the previous year.

September’s drop was the second largest drop since the company began tracking listings in the area in 1999. The largest drop was in January of 2009. One real estate agent tells The Baltimore Sun that heavy rains in September may be in part to blame for the decrease.

MRIS says the average home sold for about $274,000, a drop of less than 1 percent compared with a year earlier.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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