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September 1, 2014, 11:24 pm
970 WMAY News

Winter Blamed For Sharp Drop In Local Home Sales, Prices


The impact of this harsh winter is being felt in the local housing market, according to the Capital Area Association of Realtors. 

 

The group blames February’s snow and bitter cold for a sharp drop in both home sales and median home prices.  201 homes were sold locally last month… down nearly 15-percent from the 231 sold in February of 2013.  Median home prices through the first two months of the year are down 28-percent from a year ago. 

 

But the association is optimistic that those trends will turn around as temperatures warm up.

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