Baltimore Home Shopping Trends

Infographic by Builders Digital Experience; data compiled by Hanley Wood from Metrostudy, Nielson, U.S. Census Bureau and NAHB.

Baltimore is one of the oldest housing markets in the nation, but nearly 56 percent of homebuyers are still interested in a new-construction home. 

The typical Baltimore homeshopper is not in a hurry to find a home, however. The shopping process takes an average of nine months or longer. They are in it for the long haul and don’t want to rush into a decision. Most buyers want to find a home that is going to last, as most owners tend to stay in their new home for up to 19 years, which makes quality construction a high priority in making a decision. 

Check out the graphic below for a snapshot of the typical Baltimore homebuyer.

Baltimore Intel Packet Full

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The Most Important Qualities to Look for in a Home

  • Quality of construction
  • Safer neighborhood
  • Better floor plans
  • Larger yard or lot
  • Energy efficiency

New Versus Used
  • 24 percent of Baltimore-area home shoppers prefer newly built homes.
  • 44 percent of Baltimore-area home shoppers prefer used homes.
  • 32 percent of Baltimore-area home shoppers are indifferent.

Why Buy a House?
  • Favorable interest rates
  • Tired of current house
  • Favorable home prices

Time Frame When Searching for a New Home
  • The majority of buyers (39 percent) search between 9 and 12 months.
  • 12 percent of buyers spend 6 to 9 months looking for a home.
  • 15 percent of Baltimore-area homebuyers spend 3 to 6 months searching for a home.
  • 7 percent of homeshoppers find a home in less than 3 months. 

Local Housing Stats
  • The average Baltimore home was built in 1964.
  • The average Baltimore homeowner will stay in their home for 19 years.
  • Baltimore homeshoppers are 21 percent more receptive to newly built homes than the national average.
  • About 76 percent of homeshoppers in the Baltimore area will use a real estate agent.

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