An eight-month pipeline of homes waiting to sell (so far)
Predicting how long a home will take to sell is no certain business. But here's one statistic sellers and buyers alike might like to know:
At the pace of May sales, it would take eight months to find buyers for all the Maryland homes still on the market.
A year earlier, when the federal home buyer tax credit was boosting activity, that pipeline was just over six-and-a-half months long. (Six months or so is usually considered a balanced market, where sellers and buyers have more or less equal power.)
This stat can tell you only so much, of course. There's no guarantee that sales will continue at the same pace or that the number of listings will remain more or less even as some homes come on the market and others go off. How quickly banks repossess homes and put them on the market as new foreclosures is one of the big question marks, what with the slowdown that came in the wake of robo-signing revelations.
But that months-of-supply figure is one bit of market intel you'll want to have if you're looking or selling. Here's the breakdown by county in the Baltimore region for the month of May, and a way to get it down to the ZIP code:
Remember, that's for May. The months-of-inventory figures are May 2011 and May 2010.
If you'd like to see what the situation is at a community level, go to the website of Metropolitan Regional Information Systems' stats arm, RealEstate Business Intelligence , and look up a ZIP code report. ( Here, for instance, is 21212 .)
Once you're on the landing page for the ZIP code you want, find the "Reports" tab, click on it, and then hit the button for "See Most Recent." ( This is what you get when you do that for 21212 .)
Find the figure for "active listings" in the month you want. Then divide that by the number of "units sold." Voila: the months of supply.
The drop in sales volume and prices is really going to get quite comical by Fall/Winter. I'm not sad that I bought my house a few months ago, because it is totally perfect for what we want/need, but I know I could've paid at least 10% less if I'd held off another year. Would not have gotten the same house, though. And we'd been looking for a year at that point.
Smart people will stay out of the market this summer and then hit up all the desparate home sellers after Labor Day. Then the real fun will begin...
All comments must be approved by the blog author. Name-calling aimed at other commenters is not welcome here. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here .
Baltimore Zip Code - News
"We can and will do more to improve the health of all residents no matter their ZIP code," said Mayor Stephanie Rawlings-Blake, who was on hand for the announcement. Baltimore health officials also recently unveiled a plan to target 10 ailments that
Once you have the app on your phone you can customize the forecast by plugging in your zip code. You'll also find the forecast from the ABC2 Weather team! Don't forget to give us some feedback in the iTunes store and tell us what you think!
She said the city and state have to continue focusing on access to health care, but also social and environmental factors, particularly in less affluent neighborhoods. For now, she said, "Your ZIP code represents so many influences and opportunities
But that months-of-supply figure is one bit of market intel you'll want to have if you're looking or selling. Here's the breakdown by county in the Baltimore region for the month of May, and a way to get it down to the ZIP code:
Visitors to mnileads.com may generate custom profiles of manufacturers using thirteen different criteria, including area or zip code, county, SIC, sales volume, number of employees, and more. Information is also available on facebook and twitter.
The Real Estate Wonk: An eight-month pipeline of ... - Baltimore Sun
Predicting how long a home will take to sell is no certain business. But here's one statistic sellers and buyers alike might like to know:
At the pace of May sales, it would take eight months to find buyers for all the Maryland homes still on the market.
A year earlier, when the federal home buyer tax credit was boosting activity, that pipeline was just over six-and-a-half months long. (Six months or so is usually considered a balanced market, where sellers and buyers have more or less equal power.)
This stat can tell you only so much, of course. There's no guarantee that sales will continue at the same pace or that the number of listings will remain more or less even as some homes come on the market and others go off. How quickly banks repossess homes and put them on the market as new foreclosures is one of the big question marks, what with the slowdown that came in the wake of robo-signing revelations.
But that months-of-supply figure is one bit of market intel you'll want to have if you're looking or selling. Here's the breakdown by county in the Baltimore region for the month of May, and a way to get it down to the ZIP code:
Remember, that's for May. The months-of-inventory figures are May 2011 and May 2010.
If you'd like to see what the situation is at a community level, go to the website of Metropolitan Regional Information Systems' stats arm, RealEstate Business Intelligence , and look up a ZIP code report. ( Here, for instance, is 21212 .)
Once you're on the landing page for the ZIP code you want, find the "Reports" tab, click on it, and then hit the button for "See Most Recent." ( This is what you get when you do that for 21212 .)
Find the figure for "active listings" in the month you want. Then divide that by the number of "units sold." Voila: the months of supply.
The drop in sales volume and prices is really going to get quite comical by Fall/Winter. I'm not sad that I bought my house a few months ago, because it is totally perfect for what we want/need, but I know I could've paid at least 10% less if I'd held off another year. Would not have gotten the same house, though. And we'd been looking for a year at that point.
Smart people will stay out of the market this summer and then hit up all the desparate home sellers after Labor Day. Then the real fun will begin...
All comments must be approved by the blog author. Name-calling aimed at other commenters is not welcome here. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here .
21231 BALTIMORE RT : RT : What zip code has the worst chicks LOL << 23508 .. Norfolk
: Don't get it twisted I don't reside in Baltimore City, my zip code says Pikesville !...lmaoBaltimore Zip Code - Bookshelf
Washington/Baltimore Zipcode Laminmated Map
Directory of postsecondary schools with occupational programs
VA PROGRAMS-ELECTRON TEC 24 COMMUNITY COLLEGE OF BALTIMORE 2901 LIBERTY HEIGHTS AVENUE ZIP CODE 21215 COUNTY -BALTIMORE TEL (301) 462-5800 VENO NO 002061 ...Zip Code Finder, 1997
21701 Baltimore . .21201 86 For specific Zip Codes call (410) 347 4430, or your local postmaster COLLEGES * UNlVERStTlES Baltimore Hebrew Univ 21215 Coll of ...Community Sourcebook of ZIP Code Demographics
... ZIP CODE White RACE (%) Black Asian Pacific Hispanic Origin 2006 AGE ... 30.8 11.2 1.2 74.3 41.2 49.0 51.0 21201 BALTIMORE 29.0 23.6 63.8 68.0 4.6 5.5 ...Community Sourcebook of ZIP Code Demographics 2004
... ZIP CODE RACE (%) % 2004 AGE DISTRIBUTION (%) MEDIAN AGE POST OFFICE NAME ... 26.4 265 105 1.1 74.5 40.0 49.0 51.0 21201 BALTIMORE 29.0 24.6 63,8 67.9 ...Everyday News Directory
Baltimore Zip Codes, Area Code, County and more
Baltimore Yellow Pages ...find local info, white pages, demographics and more using Areaconnect Baltimore
Baltimore Zip Codes - Zip Code Lookup for Baltimore, Maryland ...
Baltimore MD zip code and area code lookup. Find Baltimore local information, zip codes, area codes demographics, latitude and longitude and more for Baltimore MD. ...
Baltimore Zip Code | Find Zip Codes in Baltimore, Maryland | MD
Baltimore Zip Code. Find a Baltimore Zip Code Today at BaltimoreZip.com! ... Use the menu on the right to find a little more about the zip code you are looking for. ...
Baltimore, Maryland (MD) Zip Code Map - Locations ...
Baltimore, Maryland (MD) Zip Code Map - Locations, Demographics
Baltimore Research - Recruiting Zip Codes
Recruiting Services - Baltimore Zip Codes. Baltimore City ... Baltimore City. 21279 - Baltimore City. 21280 - Baltimore City. 21281 - Baltimore City ...