Home prices in the Baltimore-Towson metropolitan area decreased 3.1 percent in September from a year ago, according to data released Tuesday by First American CoreLogic, a real estate data firm.
Home values fell 7.39 percent across the state and 11.2 percent nationwide, according to the data. The company tracks the sale price of the same homes over time, rather than all home sales in a given month.
“Our early estimate of October sales transaction volumes has declined substantially, which is not a surprise given recently released economic data and events in the credit and financial markets,” the firm’s chief economist, Mark Fleming, said in a statement.
