Columbia MD Real Estate Market Report September 2016
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This EPIK Home Group Columbia, MD 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 September was $321,942 which is small decrease from this time last year. The Columbia market also had a Listing price to Sold price ratio of 96.9% - which has been consistent and shows homes are priced favorably. There has been a steady increase in home sale price margins for this area, which confirms its desirable location to Baltimore, DC and Virginia.
Indicator #2 - Active Homes on the Market
August saw a identical amount of new listings in Columbia with 174 homes on the market this month. This is up 16% from this time last year! More positive news is 'Under new contracts' was up to 76 this month, another decent increase of 15% from last years numbers. As this area continues to build, and expand we can expect these numbers to grow, too.
Homes are being priced right and going fast! Total active listings in Columbia MD is 292 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.
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