Ellicott City, MD Real Estate Market Analysis for February 2017
Looking to BUY or SELL a Central Maryland Home? Call 240-389-EPIK or use our 15 second Home Value Estimator
Your local Ellicott City, MD Expert will tell you – this market is picking up steam! New Listings are up, Under Contract Homes are up, Median Sold Price for homes is also up.
Let’s take a look at some of the major indicators for this month!
# 1- SOLD PRICE
The average sold price for detached homes in Ellicott City, MD in February 2017 was $444,000.
This is an increase in value of about 7% compared with February 2016. The number of Units sold in February was down by 50% compared with this same time last year. List to Sold Price are strong at 95.2%, indicating homes are priced well. Your Local Ellicott City, MD Real Estate Expert will tell you this is not uncommon for this time of the year. We are seeing it pick up steam as we head into spring! Those who are planning to list in Summer, to reconsider listing sooner. You may be pleasantly surprised with the turn around! 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 average Days on the Market rose to 98 days from 80! With Ellicott City Encompassing a large area, these numbers represent the average to include areas where home prices higher.
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 186 active listings in Ellicott City, MD , 109 of these homes are new for February 2017. The inventory is lower than it was last year, which had 223 properties available, but with most of these listings being new for February. It provides more options for buyers who are seriously navigating the current market. Under new contracts is up 22% from this time last year at 54, there are still 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!
EPIK Home Group Keller Williams Realty Centre
443-418-7668 (Cell or text message)
443-766-1768 (Office)
ellie@ellierealtor.com
LIKE US ON FACEBOOK TO FOLLOW OUR BLOG AND GET LOCAL INFORMATION!
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!
______________________________________________
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!
Tags: average price for Ellicott City house, buying a home in ellicott city, ellicott city, Ellicott City community, Ellicott City Homes For Sale, Ellicott City Market Report, ellicott city md, ellicott city md real estate, Ellicott City neighborhood, Ellicott City Real Estate Market Report, homes for sale ellicott city md, living in Ellicott City, Moving to Ellicott City MD, real estate in ellicott city, real estate market in ellicott city, real estate trends in ellicott city, selling a home in ellicott city
