Howard County, MD Real Estate Market Report for May 2016

Howard County, MD Real Estate Market Report May 2016

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

Howard CountyThis Howard County real estate market report includes 28 zip codes – and a wide array of homes in Ellicott City, Columbia, Clarksville and Elkridge just to name a few locations.

Contact us directly for a more detailed breakdown by zip code or area.

Here is the overall assessment of the major Real Estate Market indicators for Howard County, MD:

Indicator #1 – Homes Sold

There were an impressive 443 homes sold in Howard County for May 2016, this is close to a 9% increase from this time last year. With Listing to Sold Price ratio at 97.0% homes are being priced well in this area, and there is little fluctuation in prices. This is wonderful news for Sellers looking to get top dollar for their home. With the Average sold price for homes being sold in Howard County around $438,323 this is still a wonderful place for first time buyers looking to raise a family in this wonderful location.

ALERT – If you have been thinking about buying for more than a year – now is the time!  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

There are currently 1,089 active listing for Howard County, MD. which provides buyers with plenty of options for home purchasing in this area. This is a small decrease from last year, which showed 1,259 active listings. New Home listings are at 696 for this month, a small decrease from last year, and it’s perfect time for new buyers who are considering moving into this area for its amazing schools and community.

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 at HISTORIC LOWS!

Indicator #3 – Days on Market

Homes stayed on the market in May 2016 for an average of 55 days – that number includes areas such as Clarksville, MD where high end homes can take a while to find the right buyer! This days on market statistic is down from the average days on the market from April of last year.

Why Live in Howard County? 

Howard County, MD 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!

HCmay16

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.

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

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!

Real Estate orphan

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! 

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 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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