Monthly
Market Health
Baltimore s population is 2.8M, with a total workforce of 1.4M. The labor market grew by 14,600 jobs over the past year, up by 1.0%. The median household income in Baltimore is $79,433, 2.6% higher than last year and 29.4% above the national average of $61,372. In the housing market, total permits issued totaled 8,843 over the last twelve months, up 25.3% year-over-year. Baltimore has 189 active new home projects on the market, 11.3% fewer than the 213 from last year. The average list price in the market is $566,414, 5.0% higher than last year and 87.1% above the national average. Over the last three months, new home contracts increased by 8.5% to 1,008. Hanover and Odenton had the highest concentration of the new home contracts in the Baltimore market.
