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Baltimore home prices rose nearly 7 percent in January

Home » Real Estate » Baltimore home prices rose nearly 7 percent in January

Baltimore home prices rose nearly 7 percent in January

Baltimore area home prices continued to climb in January, as steady demand and fewer foreclosures pushed a streak of year-over-year gains into the eleventh month.

The median home price in the metro region last month was $234,950, up 6.8 percent from January 2016, according to a monthly report based on data from the MRIS listing service.

The gains come as Baltimore’s housing market appears to be shaking off several years of sluggish appreciation.

Excluding distressed sales such as foreclosures, the median price increased 5.4 percent from a year ago to $268,750.