Thursday, July 10, 2008

Baltimore County Maryland June 2008 Sales Analysis

Sales Analysis at this link or browse below

http://spreadsheets.google.com/pub?key=pOGnlvbfCjFLNV1RXhYVpUw



12 comments:

bill said...

Holy.

Crap.

15 months of supply at the peak of the selling season? 10% reductions in price.

Armaggeddon is nigh, apparently.

Ryan said...

I'm starting to see a lot of relists in towson, parkville/carney and Perry Hall. Seems a lot of homes bought in 2005that were trying to double there money are now in we need to sell mode.

Looks like we hit early 2005 prices statistically.

Anonymous said...

Let the good times roll!

Anonymous said...

Bill is a very smart guy. I agree 100 percent with his position.

Not to worry though. President Obama will sign a bailout bill the day of his Inauguration that will nationalize, definatively, the mortgages of most Americans.

Problem solved...

Laura said...

The FED just opened the discount window to Freddie and Fannie.

bill said...

The FED just opened the discount window to Freddie and Fannie.

Source? Link?

Anonymous said...

Is it possible to show the MRIS charts for other counties in Maryland like has been done in previous months?

Infinity8Ball said...

That's weird, there were 110 FEWER sales in June than there were in April!! April median was 292,447... almost 50k HIGHER than June!!! I thought summer was the "hot sales" period for housing, not the spring! It seems like the summer is hiding the fall in prices that we're going to REALLY see this winter!

Anonymous said...

Infinity8ball - what you are seeing now is exactly what they saw in SoCal last year. Just as I expected we are following the same pattern as the way up the bubble, by trailing by a year. The year end numbers will be the ones to look at.

Still a lot of sellers out there that thing they are "entitled" to doubling there money sad part is that selling now means a loss. They are going to be "imprisoned" for easily a decade.

Anonymous said...

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Anonymous said...

Bill,

Here's the link:

http://www.cnbc.com//id/25652504

Laura

Anonymous said...

The first comment says "15 months supply". i question this. can somebody tell me if foreclosures are included? i mean, are all listed? MRIS only counts listed properties. isn't that correct? so, wouldn't the supply be greater than stated by MRIS? and rising?
thanks in advance for anyone who can answer.
chuck
(if this posts more than once, please forgive. i keep getting capcha thing.)