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Moving up – city neighborhoods on the rise

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Moving up – city neighborhoods on the rise

Baltimore is a city of neighborhoods, many with their own distinct appeal and history.

For homebuyers, the city offers a dizzying array of choices, but its overall appeal appears to be on the upswing. Last year, Baltimore saw 6,123 so-called standard sales, nearly 900 more than the year before, according to Live Baltimore, a nonprofit charged with promoting living — and homebuying — in the city. A standard sale is one in which the home will be owner-occupied as opposed to an investment to be rented out.

Despite the increased activity, homes in the city remain relatively affordable with the median sales price for standard sales essentially unchanged at $174,900, Live Baltimore reported in its 2016 year in review.

“I think what people are seeing is that the city continues to be an affordable place to call home,” said Steven Gondol, executive director of Live Baltimore.