So,how is the Howard County Real estate market? Is it getting better? Is it getting worse? Or is it the same?
The photo above is of Centennial Park in Columbia.
The answers may vary by neighborhoods/sudivisions and zip codes. The website below from mris,is an overall picture and these reports come out in the middle of each month. Information is deemed to be accurate but not guaranteed.
http://www.mris.com/reports/marketupdate/Howard%20County.pdf
Here are a couple of Howard County highlights:
1. For 2009 year to date in Howard County,the median sales price was down 9.3% compared to 2008. However,comparing December 2009 to December 2008,the median sales price was UP 3.5%! In fact,the median sales price for December 2009 was 6.35% HIGHER than it was for the rest of 2009. Perhaps 2009 Howard County home buyers "bought low" and yet the market seems to be improving for sellers.
2. For 2009 year to date in Howard County, the average days on market until sale
improved by 10.9% compared to 2008. Comparing December 2009 to December 2008, the average days on market until sale improved by 26.4%. Look at 2009 year to date raw numbers,homes were on the market for just over 3 months and just under 3 months in December. While homes weren't selling in a day,many consider it to be a "seller's market" when homes sell in 5 months or less.
3. For 2009 year to date in Howard County,new listings were down 14.5% compared to 2008 (less homes went on the market for sale). New listings were down by 18.2% in December 2009 compared to December 2008. However,there were a lot more buyers out there! Closed sales in 2009 were up 7% compared to 2008 and they were up in December 2009 by 12.4% when compared to December 2008. Looking at raw numbers,there were 220 new homes that went on the market in December 2009 and 200 homes that settled in December 2009. Those numbers practically cancel each other out! Furthermore,another 189 homes went under contract in December 2009. Housing inventory is down. People are selling and buying.
For more specific information about a neighborhood you are interested in let me know
and if you want a FREE PRE-HOME MARKET EVALUATION, let's meet.
Life is good!
Adam
adambashein@mris.com
www.basheinhomes.info
Cell: 301-943-4370
Adam Bashein
Licensed in MD & DC
Weichert Realtors
7821 Tuckerman Lane
Potomac,MD 20854
301-718-4100 ext. 132
By the way,I am always appreciative and always have time for your referrals.
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