While high interest rates are prompting many sellers to drop prices at a record pace, almost 43% of homes in Baltimore are still selling above the listing price.
In Baltimore, homes sold for an average of 100.12% of the listing price in October, meaning buyers had to shell out an extra sliver to secure houses. Baltimore is one of 27 metros where houses are selling above their list prices out of 90 metros examined in an analysis of data from Redfin Corp. The data shows that 32% of homes nationally sold above listing price in October — up 2.7 percentage points from a year ago.
The city’s 42.6% of homes selling above list price is the 28th-highest rate of the 90 metros studied and more than 7% higher than last year’s clip. Nearby Frederick is higher on the list with 46.3% of homebuyers spending more than list price. In Washington, D.C., the rate was 39% in October, according to Redfin data.
