September Slow for Baltimore Home Sales

The number of homes sold in the Baltimore area last month was nearly 10 percent higher than the year-earlier period — but down significantly from August, according to data released Tuesday by an affiliate of the region's multiple-listing service.

In September, Baltimore and its five neighboring counties saw 2,055 residences sold, down from 2,405 in August, according to sales figures from Rockville-based RealEstate Business Intelligence LLC.

"All property segments posted lower than average sales for the month, which could be an early sign that demand has weakened," the firm said in a statement. "Despite the slower growth, sales activity, new contracts, and median sales price are all above their September 2011 levels, and in many cases are at multi-year September highs, which indicates a stronger market overall relative to the past few years."

Year-over-year, the metropolitan Baltimore area saw a 3.1 percent increase in the average sales price. In September 2011, the average price was $273,897. Last month, it was $282,450, RBI reported.

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