Friday
December 19, 2014

Baltimore's Inventory Reaches Grave Proportions

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Baltimore's Inventory Reaches Grave Proportions

New research from Redfin concludes that houses located near graveyards may have to wait longer for a buyer but generally command higher prices when they do sell.

The property brokerage studied 90 U.S. metropolitan areas to identify the top cities with the greatest number of homes for sale near cemeteries as of Oct. 15.

With 172 dwellings such properties, at a median list price of $101,950, Baltimore led the rankings. Rounding out the top five were Philadelphia, Chicago, Boston, and Atlanta.

"It doesn't surprise me that Baltimore tops the list, because it was founded back in the early 1700s," says locally based Redfin agent Lynn Ikle. "Our neighborhoods here are very well established, and cemeteries were part of the landscape during their development."

Source: "Baltimore Has a Ton of Houses for Sale Near Cemeteries," Baltimore Business Journal (10/21/13)

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