Howard County, MD Real Estate Market Report for February 2017!
Looking to BUY or SELL a Central Maryland Home? Call 240-389-EPIK or use our 15 second Home Value Estimator
In February 2017 Howard County, MD has remained relatively stable! The inventory is lower than last year, Median Sales Prices are up. New contigents are up.
Let's look at the major indicators
Indicator #1 - Homes Sold
In February 2017 Howard County, MD saw 218 homes sold compared with just 254 units this same time last year. The Listing to Sold Price is holding at 95.6%, stable for this season.
Homes are being priced competitively, families are serious about finding that perfect home are taking their time before they put in a contract. The Average Sold Price is $413,043 up from $400,913 in February of last year. Sellers have a very safe investment here, and if they were contemplating putting their home on the market in Summer, they may want to weight there options soon.
Considering the many Government contracts constantly changing here, there really is no “down time”. Many who work in DC choose to live in Howard County for the county's great education system, community and way of life.
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
Inventory for February 2017 Howard County, MD is lower than last February with just 707 active listings. 382 of those being new for the month, which is consistent for the area. There are currently 338 new pending contract Sales for February 2017. We don't see this slowing down anytime soon.
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
The Average Days on the Market rose to 102 days from 88 Days February of last year. The median Sold Price for homes in the area is $377,450 which is close to 8% higher than this time last year!
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!
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!
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!
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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!