December Signed Contracts Down 18.3% from November, Consistent with Seasonal Patterns

Rockville, MD – (January 10, 2012) – The following analysis of the Baltimore, Maryland Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on the December 2011 RBI Pending Home Sales Index™ released today.

View PDF version of this release

OVERVIEW

Baltimore Metro Area inventory ended 2011 at the lowest level since April 2006 with 12,758 active listings. There was a significant decline in the share of the active market made up by foreclosures compared to 2010, though short sale listings market share was up. The 1,827 new listings entering the market was the lowest level on record and marked a 32.1% decline from December 2010. Signed contract activity was consistent with seasonal expectations, decreasing 18.3% from November, while closed sales exceeded seasonal patterns with a 6.2% month-over-month increase. Sales prices remained stable with a nominal decline from November, though the median price for townhouses exceeded expectations with an annual appreciation of 8.1%. 

Act now to save in 2012!

RBI is pleased to announce a discounted Annual Subscription option for rbiEXPERT. The standard rate for the Annual Subscription will be $299.90 (12 months for the price of 10) starting January 1st, but for the rest of this year the price is $269.91. That’s 12 months for the price of 9 -- 25% off!.

Sign up for rbiEXPERT Annual

Current rbiPRO customers

rbiPRO subscribers can upgrade to the annual rbiEXPERT option to take advantage of this great discount. While the current monthly rate for rbiPRO is $19.99, this $269.91 offer for rbiEXPERT averages out to $22.49 per month - a difference to you of only $2.50!  You’ll now have smartphone access to Stats Where You’re At with rbiMOBILE and be able to compare up to 5 areas on a single Interactive Chart.  And coming very soon, rbiFOCUS, a new feature exclusively for rbiEXPERTs will give you the ability to combine multiple criteria (year built, house type, beds, price, lot size, zip, waterfront, etc.) to get the specific trend you’re looking for.

Once you confirm the upgrade, you will be credited a prorated amount for whatever is left on your current month's subscription and charged the remainder of the $269.91 (or $286.10 with tax for DC customers).

Upgrade to rbiEXPERT Annual

Current rbiEXPERT customers

Fret not existing rbiEXPERTs, you too can take advantage of these savings. To switch over to the annual plan and get your 3 free months, be sure you're logged in and the link below. Once you confirm the change over to the annual subscription, you will be credited a prorated amount for whatever is left on the current month's subscription and charged the remainder of the $269.91 (286.10 with tax for DC customers).

Switch to rbiEXPERT Annual