Clarksville, MD Real Estate Market Report for October 2016
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Let's take a look at the 3 major indicators of the Real Estate Market for Clarksville, MD:
Indicator #1 - The Inventory of available homes in Clarksville
Clarksville, MD is a smaller community, so inventory is usually lower than its surrounding areas, but don't be fooled. Clarksville is one very strong competitor in today's market, and it's exclusive nature makes it sought after by many families looking for that perfect work/life balance. The Fall season overwhelming for buyers who don't feel like they have a good inventory to choose from, this can work to the advantage of people looking to sell their home. The total available listings were just 56 for the month of September, an -8% decrease from this time last year, 23 of those listings were new! This presents a unique situation for both Sellers looking to get top dollar for their home, and buyers looking for an expanding market.
Looking to buy in Clarksville?
With its amazing schools, small community feel, Clarksville has always had a stable market. Afterall, it's location, location, location! Clarksville, MD certainly has it, and more!
Contact us today if you are considering a move in 2016 - buyers need to come pre-approved and with a plan to sell their existing home quickly! We can help make that happen for you here at EPIK Home Group!
Click here to see all the active Clarksville MD Real Estate active listings right now!
Indicator #2 - Current Home Prices
For sellers - the average sold price in this desirable area of Howard County was $855,272 an impressive 21% increase from this time last year. Remember, this is the fall season when many assume the market is past its prime, we can see though, that this isn't always the case. This price point is holding strong for this area! With just 13 units sold, there was a small decrease from this time last year. But, if you also factor in the little to no fluctuation from list to sold price which is holding at 98.2%, you have a safe investment here.
Indicator #3 - Days on Market
The average days on market was at 56 days before the homes went under contract, a 2% decrease from this same time last year, which is still good news! This year remains very strong for the Real Estate market as a whole. Also, When you are working with price points this high, this duration on the market is normal and actually good if you were to compare to other areas. This area with its Lower inventory also indicates when people buy here, they stay! It's a great community, and convenient to many locations such as Baltimore, Columbia and D.C.!
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.
Check out more details on the Clarksville MD Real Estate Market Report- Click this link for all the information on Clarksville MD.
EPIK Home Group Keller Williams Realty Centre
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