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Maryland home sales tumble nearly 30%
"But they won't pay top dollar anymore for properties that are marginal in location or condition." Maryland's housing market spiraled further downward this past summer, registering the fourth-biggest drop among all the states as home sales fell nearly 30 percent from a year earlier. Despite the tumbling sales, the median sale price of existing homes in the Baltimore area managed to rise 1.7 percent in the July-September quarter compared with the same period last year, according to a National Association of Realtors report released yesterday. But Maryland's home-sales dive of 28.6 percent was more than double the 13.7 percent drop for the nation. Read more