8/7/2019 Howard County Real Estate March 2011

1/2

Dow n Dow n - 1 0 % Dow n Up 3 6 %

Un its Sold

Act ive Inv entor y

Med ian Sale Price

Focu s On : How ar d Cou n ty Hou s in g Mar k e t March 2011

Un it s Sold Act iv e In v en tor y Med ian Sa le Pr ice Day s On Mark et

*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Fosters

knowledgeable and experienced sales associates.

2 0 5 1 ,3 1 4 $ 3 1 3 ,0 0 0 8 7

Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago

There was an increase in total units sold in March, with 205

sold this month in Howard County. This month's total units

sold was lower than at this time last year.

Versus last year, the total number of homes available this

month is lower by 141 units or 10%. The total number of

active inventory this March was 1,314 compared to 1,455 in

March 2010. This month's total of 1,314 is higher than the

previous month's total supply of available inventory of 1,239,

an increase of 6%.

Last March, the median sale price for Howard County Homes

was $340,170. This March, the median sale price was

$313,000, a decrease of $27,170 compared to last year. The

current median sold price is lower than in February.

Median sale price is the middle sale price in a given month. The same number

of properties are above & below the median.

Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not

reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not

constitute an opinion of MRIS or Long & Foster Real Estate, Inc.

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M -09 J-09 N-09 M -10 J-10 N-10 M -11

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M-09 J-09 N-09 M-10 J-10 N-10 M-11

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Units Sold*Sold Detached Sold Attached Sold Condo/ Coop

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1,6001,800

2,000

Act ive Inv entory*Active Detached Active Attached Active Condo/ Coop

Ma r-10$340,170 Ma r-11

$313,000

0

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100,000

150,000

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350,000400,000

Median Sale Price

8/7/2019 Howard County Real Estate March 2011

2/2

Dow n - 1 3 % Up 1 % No Ch an ge Up 6 %

Month s of Sup ply

New List ings & Cu rr en t Contr acts

Sale Price to List Price Rat io

Days On Mark e t

Focu s On : How ar d Cou n ty Hou s in g Mar k e t March 2011

New Lis t in gs Cu r ren t Con tr acts Sold Vs . Lis t Pr ice Mon th s o f Su p p ly5 3 5 3 0 2 9 7 .7 % 6 .4

Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago

*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Fosters

knowledgeable and experienced sales associates.

Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not

reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not

constitute an opinion of MRIS or Long & Foster Real Estate, Inc.

In March, there was 6.4 months of supply available in Howard

County, compared to 6.1 in March 2010. That is an increase

of 6% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It

indicates how many months would be needed to sell all of the inventory

available at the current rate of demand.

This month there were 535 homes newly listed for sale in

Howard County compared to 615 in March 2010, a decrease

of 13%. There were 302 current contracts pending sale this

March compared to 299 a year ago. The number of current

contracts is 1% higher than last month.

In March, the average sale price in Howard County was 97.7%

of the average list price, which is similar compared to a year

ago.

This month, the average number of days on market was 87,

higher than the average last year, which was 64, an increase

of 36%.

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M -09 J-09 N-09 M -10 J-10 N-10 M -11

94%

95%

96%

97%

98%

99%

100%

M-09 J-09 N-09 M-10 J-10 N-10 M-11

0

5

10

M -09 J-09 N-09 M -10 J-10 N-10 M -11

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M -09 J-09 N-09 M -10 J-10 N-10 M -11

9.1

8.1

7.2

5.0

4.7 5

.2 5.7

5.2

5.1

6.1

8.5

7.6

6.1

5.6

5.1

4.9

7.4

6.8

7.6

7.47.6

6.3

9.2

9.3

6.4

0

1

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3

4

5

6

7

8

9

10

Month s Of Sup ply

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700800

New List ings & Curr ent ContractsNumber of New Listings Total Pending

0

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95%

96%

96%

97%

97%

98%

98%

Sale Price/ List Price & DOMAvg Sale / Avg List Average DOM