Here is your local Market Analysis on Ellicott City, MD April 2017!
Looking to BUY or SELL a Central Maryland Home? Call 240-389-EPIK or use our 15 second Home Value Estimator
Our most recent Market Analysis on Ellicott City, MD shows a stable market! Inventory is down, Home Sales Prices are up, and Units sold is stable. All great news as we get closer to the summer!
Let’s take a look at some of the major indicators for this month!
# 1- SOLD PRICE
The average sold price for detached homes in Ellicott City, MD market for April 2017 was $494,974.
This is an increase in value of about 4% compared with April 2016. The number of Units sold in April saw small 5% decrease compared with this time last year. List to Sold Price are strong at 97.0%, indicating homes are priced well. The current Analysis on Ellicott City, MD shows favorable conditions for Summer. With inventory down, listing sooner might be a good advantage for you with so many buyers actively looking at homes! Contact us and we'll help you get ready!
ALERT - If you have been thinking about selling for more than a year - now is the time as interest rates remain low and inventory is moving! Contact us for information on How to Get Ready to Sell (or How to Get Ready to Buy if you are looking to move into this area!)
# 2 - AVERAGE DAYS ON MARKET
The Analysis on Ellicott City, MD showed Days on the market increased to 62 days from 57. With Ellicott City encompassing a large area, these numbers are very stable for this time of year.
Click here to see the Ellicott City MD Real Estate active listings right now! (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).
# 3- NEW LISTINGS
There are currently 224 active listings in Ellicott City, MD , 160 of these homes are new for April 2017. The inventory is lower than it was last year, which had 286 properties available. It provides more options for buyers who are seriously navigating the current market. Under new contracts is holding stable at 90, last April was at 100. There are plenty of families looking for that perfect place! Do you love reading all the details? Click this link for all the current updates on Ellicott City MD.
LIVING IN ELLICOTT CITY
Our area is so wonderful that many people do not move out once they move in! Using a local Ellicott City, MD Realtor like EPIK Home Group is a great move since we are in touch with many homeowners even before they are ready to sell!
Ellicott City in Howard County, MD is a great place to live with 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 wonder this area between Baltimore and Washington, DC continues to have a very active real estate market!
What does this 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.
Even if you already live in Ellicott City- 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!
Read on for more details of this active market!
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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!