Market Report for Howard County April 2011

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  • 8/6/2019 Market Report for Howard County April 2011

    1/2

    Dow n - 2 2 % Dow n - 4 % Up 6 % Up 3 9 %

    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 Ap r il 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 1 6 1 ,4 9 3 $ 3 5 9 ,9 5 0 7 5

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

    There was an increase in total units sold in April, with 216

    sold this month in Howard County versus 209 last month, an

    increase of 3%. This month's total units sold was lower than

    at this time last year, a decrease of 22% versus April 2010.

    Versus last year, the total number of homes available this

    month is lower by 61 units or 4%. The total number of active

    inventory this April was 1,493 compared to 1,554 in April

    2010. This month's total of 1,493 is higher than the previous

    month's total supply of available inventory of 1,352, an

    increase of 10%.

    Last April, the median sale price for Howard County Homes

    was $338,000. This April, the median sale price was $359,950,

    an increase of 6% or $21,950 compared to last year. The

    current median sold price is 14% higher than in March.

    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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    A-09 A-09 D-09 A-10 A-10 D -10 A-11

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    A-09 A-09 D-09 A-10 A-10 D-10 A-11

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    Units Sold*Sold Detached Sold Attached Sold Condo/ Coop

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    1,6001,800

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

    A p r - 1 0$338,000

    A p r - 1 1$359,950

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    350,000400,000

    Median Sale Price

  • 8/6/2019 Market Report for Howard County April 2011

    2/2

    Dow n - 1 9 % Dow n - 3 3 % No Ch an ge Up 2 3 %

    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 Ap r il 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 9 4 2 9 8 9 6 .9 % 6 .9

    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 April, there was 6.9 months of supply available in Howard

    County, compared to 5.6 in April 2010. That is an increase of

    23% 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 594 homes newly listed for sale in

    Howard County compared to 730 in April 2010, a decrease of

    19%. There were 298 current contracts pending sale this April

    compared to 448 a year ago. The number of current contracts

    is 33% lower than last month.

    In April, the average sale price in Howard County was 96.9%

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

    ago.

    This month, the average number of days on market was 75,

    higher than the average last year, which was 54, an increase

    of 39%.

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    A-09 A-09 D-09 A-10 A-10 D -10 A-11

    94%

    95%

    96%

    97%

    98%

    99%

    100%

    A-09 A-09 D-09 A-10 A-10 D-10 A-11

    0

    5

    10

    A-09 A-09 D -09 A-10 A-10 D-10 A-11

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    A-09 A-09 D-09 A-10 A-10 D-10 A-11

    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

    9.39.4

    6.5 6

    .9

    0

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    5

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    9

    10

    Month s Of Sup ply

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    700800

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

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    120

    95%

    96%

    96%

    97%

    97%

    98%

    98%

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