Tag Archives: RealEstate Business Intelligence

The nation's Capitol stands out as the ""shining star"" in nearly every market report that crosses the wire. Washington, D.C. has consistently resisted home price declines, sales activity bucks widespread trends, and foreclosure numbers, too, have been almost non-existent due to an unofficial moratorium. Is it the absence of foreclosure property that's behind D.C.'s defiant market performance and will it turn now that emergency mediation rules have been enacted to restart foreclosures? Local experts say no, D.C. is just a market to itself.

According to RealEstate Business Intelligence (RBI), a source of real estate data, analytics, and business intelligence for real estate professionals in the Mid-Atlantic, the Baltimore housing market continued to look bleak in December. Based on figures from RBI's newly launched pending home sales index, the average price of homes sold in the Baltimore area dropped 6.6 percent, from $283,269 at the end of 2009 to $264,500 by the end of 2010. At the same time, active listing inventory grew by 10 percent.

According to the latest market data on the Baltimore-Washington metro housing market, RealEstate Business Intelligence (RBI) reports that pricing patterns are stabilizing while sales activity continues to slump. RBI's data reveals that the median home price in the Baltimore-Washington metro area has remained constant at $265,000, unchanged from October 2010 and 4.7 percent higher than $253,000 in November 2009.