Columbia MD Real Estate Market Report March 2016
This EPIK Home Group market report includes zip codes 21044, 21045 and 21046.
Contact us directly if you would like us to provide you with a breakdown for a specific zip code.
The Columbia market continues to be hot with hundreds of listings on the market! Let's take a look at the 2 major Real Estate indicators this month:
Indicator #1 - Sold Price & Listing to Sold Ratio
The average sold price in March was $327,190 which is 7% higher than this time last year. The Columbia market also had a Listing price to Sold price ratio of 95.1% - which has been consistent for this area and shows homes are priced favorably. There has been a steady increase in home sale price margins for this area confirming its desirable location to Baltimore, DC and Virginia. With new jobs, diveristy, and revitilization in the area, this will be a continuing trend! Positive news for both buyers and sellers.
Indicator #2 - Active Homes on the Market
March saw a steady amount of new listings in Columbia with 212 homes on the market just this month. That is about 35% higher than last year. Even better, the new under contracts total for February was 105, a substantial 41% higher than this time last year. As the area continues to grow, expect these numbers to only get better for both buyers and sellers at they plan their moves. With historically low interest rates, Spring and Summer 2016 is shaping up to be a very aggresive buyers market!
Homes are being priced right and going fast! Total active listings in Columbia MD is 249 right now!
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.
Click here to check out Columbia MD Real Estate active listings right now! (Feel free to save this link, it updates as the Columbia MD Real Estate market changes- you will always have the live market update.)
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
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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!
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.