Howard County, MD Real Estate Market Report for August 2016

Howard County, MD Real Estate Market Report August 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 456  homes sold in Howard County for August 2016, this is a 13% increase from this time last year, and a continuing trend for strong sales in 2016. With Listing to Sold Price ratio at 97.3% homes are being priced well in this area, and there is little fluctuation. This is wonderful news for Sellers looking to get top dollar for their home and great for buyers looking for an area with a safe investment and good lifestyle. With the Average sold price for homes being sold in Howard County around $433,482 this is still a wonderful place for first time buyers looking to raise a family in this wonderful area.

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 1,208  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 1,334 active listings. The New Home listings are at 535 for this month, stable from this time 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 LOW!

Indicator #3 – Days on Market

Homes stayed on the market in August 2016 for an average of 45 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 July of last year. This also includes very little fluctuation in prices, something to consider when planning to list your home.

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!

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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

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!

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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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