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County home sales fall 29 percent in June

Capital Gazette Communications
Published 07/13/08

Consumers, hesitant in a weakening economy, held back on buying homes again last month, continuing a trend that has taken shape this year.

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The number of Anne Arundel County homes sold in June fell 29 percent compared to June 2007, marking the sixth straight month of double-digit drops, according to Metropolitan Regional Information Systems Inc.

However, home prices didn't budge much. The median sale price for a county home stood at $339,000 in June, the same price as May. Last month's median price, however, is a 5.8-percent drop from $359,900 in June 2007.

Inventory also continued to pile up, giving potential...

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