Columbia MD Real Estate Market Outlook January 2017!
Looking to BUY or SELL a Central Maryland Home? Call 240-389-EPIK or use our 15 second Home Value Estimator.
Columbia, MD Real Estate Market is starting off the new year at a steady pace. From the Sales Prices, Days on Market to Home Inventory – this market is strong. Let’s take a look at the major indicators that help us determine overall Real Estate health within Columbia, MD!
Indicator #1 – Sold Price & Listing to Sold Ratio
Currently, the Average Sold Price for Columbia, MD for January 2017 is $311,761, stable from this time last year. The listing to Sold Price Ratios remain stable at 95.9%, showing that homes are being competitively priced. The average days on the market dropped to 61 from 72 days compared with the previous year. 90 properties sold this month, down from 88 last January. This is great news for Sellers, considering whether or not they should put their home on the market. The answer is yes if you want to get the best value for your home.
Indicator #2 – Active Homes on the Market
Total active listings in Columbia MD is 154 right now, down 36% from this time last year. Of those active listings 90 are new and we can see an uptick with buyer contracts and pending sales. Under new contracts was stable at 65, from 61 last year. Same with pending sales at 156, up from 152 last January. With lower inventory buyers are taking their time to look at all their options. But when they find that perfect home, they don’t waste much time in putting in a contract.
Why Live in Columbia?
Columbia is in Howard County, Maryland which receives many national accolades for excellent schools and commitment to community health and open space.
This area is always desirable with job opportunities in government, medical and lots of private industry!
What does that 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.
Check out more details on the Columbia MD Real Estate Market Report- Click this link for all the information on Columbia MD.
EPIK Home Group Keller Williams Realty Centre
443-418-7668 (Cell or text message)
443-766-1768 (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!
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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 2016 is 200 homes. The 100th home sale we will donate 100% of the commission. If we hit our lofty goal of 200 homes we will donate 200% of the commission.
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