Columbia MD Real Estate Market Report December 2016
Columbia, MD is closing out the 2016 on a stable note. Most of these figures show a slower market, but not a bad one. December, when Christmas and New Years are just around the corner these numbers are not surprising. From the Sales prices, days on the market, to the inventory, this months outlook seems stable, witha few bumps that are not expected to last into spring. Lets take a look at the 2 major indicators that help us determine overall Real Estate health within Columbia, MD!
Indicator #1 - Sold Price & Listing to Sold Ratio
Currently, the Average Sold Price for Columbia, MD for December 2016 is $321,789, a 1% increase from this time last year. The listing to Sold Price Ratios remain stable at 96.6%, showing that homes are being competitively priced. The average days on the market is showing 74, up from 63 days this time last year. 117 properties sold this month, down from just 125 last December. This is great news for Sellers, considering whether or not they should put their home on the market.
Indicator #2 - Active Homes on the Market
Total active listings in Columbia MD is 184 right now, down 27% from this time last year. Of those active listings 70 are new and we can see a similar trend continuing with buyer contracts and pending sales. Under new contracts was stable at 56, same with pending sales at 163. With lower inventory buyers are taking their time to look at all their options. But when they find that perfect home, they don’t waste much time in putting in a contract.
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.
EPIK Home Group Keller Williams Realty Centre
443-418-7668 (Cell or text message)
LIKE US ON FACEBOOK TO FOLLOW OUR BLOG AND GET LOCAL INFORMATION!
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!