Clarksville, MD Real Estate Market Report for November 2016
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The Winter Real Estate Market is in Full swing now, and November was the first real glimpse. Clarksville has remained a strong market competitor for Maryland, and that still holds true this month. While there are some downside to the Winter Market as a whole, there were also several positive key points we will review, too. So lets get started!
Here is a look at the 3 major indicators of the Real Estate Market for Clarksville, MD:
Indicator #1 - Home Prices
Clarksville, MD is a smaller but well developed community, and it's Real Estate is proof of its successful development. Clarksville is one very strong competitor, and it's exclusive nature makes it sought after by many families looking for that perfect work/life balance. While the winter Market as a whole tends to slow a little, Clarksville has remained fairly stable. Current median home sales prices are at $668,700, a small decrease of 2% from this time last year. We also noticed a small decrease in sold properties. November 2016 yields 12 sold units, a 16% decrease from November 2015 which had 12.
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 2017 - 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 - Inventory of Available Homes
Clarksville is a small yet desirable community, and when people move here, they tend to stay. There are currently only 45 Active listings, 17 of which, are new. This is a 10% decrease from November of last year. For new listings, it's down 32%. New contracts are at 6 for November 2016, up 20% from this time last year. This is good news for buyers AND sellers. Buyers know this area is a prime location to live, with it's proximity to DC and Baltimore, and are actively seeking out homes here. Sellers know they have a safe investment and little price fluctuation.
Indicator #3 - Days on Market
The average days on market was at 59 days before the homes went under contract, a 4% decrease from this same time last year. 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. There are 11 New Pending contracts, which is great news, a 22% increase from Pending activity last year.
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.
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