New condos have taken it on the chin in this housing market, but first-quarter sales in the Baltimore metro area were the highest in three years, according to real estate information firm Delta Associates. (There were 119 “net” deals, which accounts for contracts that fell through.)
About 1,700 new condos are ready for occupancy or under construction, so Delta doesn’t expect “price traction” until next year at the earliest. Asking prices were down 4.2 percent from a year earlier.
On the up side, the inventory was nearly 2,700 a year ago. Big drop since then….