The Howard County, MD Real Estate Market Report for May 2017!

The Howard County, MD Real Estate Market for May 2017!

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

Howard CountyThe Howard County, MD real estate report for May 2017 shows a healthy active market! Units sold is up, Homes prices are up, days on the market is down and so much more! These are all great sign for the spring in this desirable county!

Let’s look at the 3 major indicators

Indicator #1 – Homes Sold

The Average Sold Price is $457,476 up from $438,323 this time last year.

Our Analysis on Howard County, MD for May 2017 shows homes are being priced competitively. Families serious about finding that perfect home are taking their time before they put in a contract. Sellers have a very safe investment here, and if they are contemplating putting their home on the market in Summer, the sooner the better to hit this hot market.

Considering the many Government contracts constantly changing in this area, there really is no “down time”. Many who work in DC choose to live in Howard County for the county’s great education system, community and way of life.

ALERT – If you have been thinking about buying for more than a year – now is the time as interest rates are still low but expected to rise!  Contact us for information on How to Get Ready to Buy (and/or How to Get Ready to Sell if you have a home to sell as well!)

Indicator #2 – Active Listings

Inventory  is down 7% from this time in 2016. Fewer houses means less for buyers to chose from and a stronger sellers market.  There are 1,006 active listings in Howard County this month.

Of that inventory, 756 of those listings are new for the month, which is consistent for the area. There are currently 376 under conntracts for May 2017.

That is what we have been saying here at The EPIK Home Group of Keller Williams for a while – prices have stabilized and homes are selling fast while interest rates are still LOW!

Indicator #3 – Days on Market

Average days on the market is way down to 41 days from 55 days in 2017. 

Buyers are snatching up homes in this area and we are seeing multiple offers in this area. With a Sold To List Price of 98.2% those houses are being priced right as well!

The median Sold Price for homes in the area increased to $432,500 which is 4% higher than this time last year.

Why Live in Howard County? 

Howard County Maryland is a great place to live with nationally recognized 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 surprise this area between Baltimore and Washington, DC continues to have a very active real estate market! Read on for more details of the Howard County, MD real estate market!

Even if you already live in Howard County- 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!

Click here to check out any area in Howard County – this is an example of the Ellicott City MD Real Estate active listings but you can put in any zip code you want. (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).

Would you like to know what your home is worth?  Send us your address and we’ll look at your potential market value!

market report

Real Estate orphan

EPIK Home Group Keller Williams Realty Centre
443-418-7668 (Cell or text message)
410-312-0000 (Office)
EllieMcintire@MRIS.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!

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 EPIK Kids in Action 

AS OF JANUARY 1ST 2016, EPIK Home Group of Keller Williams Realty Centre is 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 or sell a home in Central Maryland.  The more homes we sell, the more we can donate to this fantastic kids foundation.

 

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