The Ellicott City, MD Real Estate Market Report for May 2017!

 The Ellicott City, MD Real Estate Market Report for May 2017!

Looking to BUY or SELL a Central Maryland Home? Call 240-389-EPIK or use our 15 second Home Value Estimator

Epik Home GroupThe Ellicott City, MD Market is showing a steady gain for May in this popular Maryland suburb!

Inventory is down, new listings are up. All great news as we get closer to the summer!

Let’s take a look at some of the major indicators for this month:

 # 1- SOLD PRICE

Average sold price for homes in the Ellicott City, MD market for May 2017 was $533,100.

This is an increase in value of about 4% compared with May 2016. The number of Units sold in May saw nice 29% increase compared with this time last year. List to Sold Price are strong at 97.9%, indicating homes are priced well. Current Analysis on the Ellicott City, MD real estate market shows favorable conditions continuing through summer.

With inventory down, listing sooner might be a good advantage for you with so many buyers actively looking at homes!  Contact us and we’ll help you get ready!
     

ALERT – If you have been thinking about selling for more than a year – now is the time as interest rates remain low and inventory is moving!  Contact us for information on How to Get Ready to Sell (or  How to Get Ready to Buy if you are looking to move into this area!)

 

# 2 – AVERAGE DAYS ON MARKET

The Analysis on Ellicott City, MD showed Days on the market increased to 62 days from 57.   With Ellicott City encompassing a large area, these numbers are very stable for this time of year.

Click here to see the Ellicott City MD Real Estate active listings right now! (Feel free to save this link, it updates as the Ellicott City MD Real Estate market changes- you will always have the live market update).

# 3- NEW LISTINGS

There are currently 224 active listings in Ellicott City, MD , 160 of these homes are new for April 2017. The inventory is lower than it was last year, which had 286 properties available. It provides less options for buyers who are seriously navigating the current market. Under new contracts is holding stable at 90, last April was at 100. There are plenty of families looking for that perfect place! Do you love reading all the details? Click this link for all the current updates on Ellicott City MD.

LIVING IN ELLICOTT CITY

Our area is so wonderful that many people do not move out once they move in!  Using a local Ellicott City, MD Realtor like EPIK Home Group is a great move since we are in touch with many homeowners even before they are ready to sell!

Ellicott City in Howard County, MD is a great place to live with excellent public schools, lots of outdoor parks and recreation opportunities, an award winning historic main street and countless options for working, shopping and dining – no wonder this area between Baltimore and Washington, DC continues to have a very active real estate market!

What does this mean for people looking to invest in Howard County Real Estate?  It means you want to use a local Realtor who knows the market REALLY well. Call a LOCAL Realtor to help you with your Howard County Real Estate needs.

Even if you already live in Ellicott City- it is always a good idea to know what homes are selling for in your area since selling prices affect your home’s value as well!

Read on for more details of this active market!

Real Estate orphan

EPIK Home Group Keller Williams Realty Centre
443-418-7668 (Cell or text message)
443-766-1768 (Office)
ellie@ellierealtor.com

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Our experienced team here at EPIK Home Group loves telling you about the area with local neighborhoods updates and information.  Real Estate is local, so you deserve a local Realtor who not only knows the housing market, but knows Howard County/Catonsville, the amenities, the local events and resources that you will need. Consistently in the top 1% of Realtors in Howard County/Catonsville, EPIK Home Group is here to help you with all your Real Estate needs! 

Click here to see reviews of EPIK Home Group!

                ______________________________________________EPIK Kids in Action 

AS OF JANUARY 1ST 2016, EPIK Home Group of Keller Williams Realty Centre will be donating 2.5% of every commission check to EPIK Kids in Action Foundation.

The more homes we sell, the more money we can donate to “EPIK Kids in Action“. Our goal for 2017 is to help 100 families buy a home

 

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