Your Local Columbia, MD Realtor will tell you the area is off to a slow start compared to the surrounding areas. Median Home Sale prices are up, The days on the market are up too. Inventory is down, and most other areas remain stable. Let's take a look at the major indicators that help us determine overall Real Estate health here!
Indicator #1 - Sold Price & Listing to Sold Ratio
Your Local Columbia, MD Median Home Sales Prices for February 2017 are $302,500, up from $298,000 this same time last year. The listing to Sold Price Ratios remain stable at 95.2%, showing that homes are being priced well. The average days on the market went up to 100 days from 78 days from last February. 78 properties sold this month, down from 81 last February.
Indicator #2 - Active Homes on the Market
Total active listings in Columbia MD is 143 right now, down 38% from this time last year. Of those active listings 103 are new. Contracts are down to 60 from 78, and Pending Sales are at 99 from 121. We do have familes looking in this area, but they are taking their time and not rushing through the process. We do not expect this to last as the weather gets better and spring arrives!
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.
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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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!