Ellicott City, 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
This Ellicott City, MD Market Report by EPIK Home Group includes homes in the 21042 and 21043 zip codes.
Please contact us directly for a breakdown by zip code.
Now you can educate yourself about the market and then choose a great local Realtor like EPIK Home Group to represent you!
Let's take a look at the major indicators for this very active real estate market in Ellicott City, MD:
# 1- SOLD PRICE
The average sold price for detached homes in Ellicott City, MD in August was $495,052 .
This is almost a 3% decrease in the average price from this time 1 year ago. There are 122 units sold this month, which is a 3% decrease from this time last year, as well as a 97.4% Average List to Sold Price. This means that while the market is not as aggressive as it was during spring, it IS average for this time of year. This is good news for both buyers and sellers navigating the market in this area, it's a very stable here.
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
Houses in Ellicott City were on the market for an average of 42 days in August. This is an decrease from this time last year, when homes were on the market an average of 67 days! It's a great sign for this area! Days on the market tend to fluctuate more drastically during the summer months, but here it has remained fairly consistent.
List Price to Actual Price remains stable which indicates homes are being priced correctly in Ellicott City, MD.
# 3- NEW LISTINGS
New home listings are another indicator of real estate market conditions.
147 new properties came on the market in August 2016. An increase of 6.5% from this time last year. With 79 new contracts for this month, an uptick from the 62 Contracts during this month last year, it's still a great time to buy or sell. Buyers still have plenty f inventory to choose from, and still waste very little time putting in offers on homes they like.
There are currently 314 active listings in Ellicott City, MD - So many great options for buyers in this area!
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 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.
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).
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
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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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