Clarksville, MD Real Estate Market Report for December 2016
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Clarksville, MD is doing exceptionally well in Real Estate for December! Some very impressive statistics to celebrate a strong end to the 2016 year! Median Sale Prices are up, as are new listings and units sold! There are hardly any numbers here that don’t represent strong growth. So let’s get to it!
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 is doing very well December. Current median home sales prices are at $750,000, an impressive 25% increase from this time last year. Sold units also went up 22% with little price fluctuation on Listed to Sold Prices. Amazing!
Looking to buy in Clarksville?
With its amazing schools, small community feel, Clarksville has always had a strong real Estate market. Afterall, it's location, location, location! Clarksville certainly has it, and much 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 38 Active listings, 14 of which, are new which is a whopping 250% increase for this month compared with December 2015. New contracts are at 4 for December 2016, down 42% from this time last year. This is not surprising given the time of year and holidays and is not expected to last. 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, even when the market would normally be slow.
Indicator #3 - Days on Market
The average days on market was at 114 days before the homes went under contract, a 192% decrease from this same time last year. When you are working with price points this high, and this time of year comes around, this duration on the market can be normal. There are 8 New Pending contracts, which is exactly the same as this time 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.
EPIK Home Group Keller Williams Realty Centre
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