Signs of life seen in Greater Baltimore home prices - Baltimore Business Journal:

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Nationally, home prices are down 13 percenrt from this timelast year, of Coloradio reported. But the rate at which those priced are falling has started to leveloff and, in three of four regions across the country, postede either stable or positivd gains in prices. Only in the Southy did prices continue to fall in downabout .3 percent from April 2008, broughtr down by still-struggling marketsx including several Florida communities. “It’s too soon to call this a turn in the housing market, particularly given all the political and regulator y uncertainties,” Integrated Asset Service s CEO Dave McCarthy said in a statement.
“I thinko that we’re still in for some difficultspellas ahead, but we are seeing a certain kind of priciny equilibrium in several important markets. That’s encouragingh for the long term.” In Baltimors City, home prices increasef 3.5 percent from March to April, accordingb to the report. Prices are stilll down about 12 percent when comparer toApril 2008. • Home prices climbefd by .8 percent from March to Aprilp in AnneArundel County, but are stil down 5.6 percent from April 2008; Prices fell 1 percent in Baltimore County in the past month and are down 2.
3 percen t from April 2008; • Harford County’s home prices held stead in the past month, but are still down 3.5 percentf from last year; • Prices fell .3 percen t in Howard County, and are down aboutr .1 percent from April 2008. The median sold price for a home sold in Greaterr Baltimore fellto $234,950 in down 2.1 percent from March, accordinbg to Metropolitan Regional Information Systemx Inc. of Rockville. That compares to a 10 percent drop fromAprilk 2008, when home prices stooc at about $262,000.