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Howard County Home Supply Shrinking, Prices Steady

While we still have a 30% larger supply of homes for sale than we did last year, prices remain steady in Howard County. The median sale price of a Howard County home last month was $370,000, down 1.3% from last year at this time.

Howard County Stats – September 2014

Days on market continues […]

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Montgomery County Home Inventory Receding, Prices Nudge Upward

Montgomery County’s inventory of homes for sale is still well above last year’s, but has receded a bit from last month. In August, inventory was up over 43% from the prior August, while September’s numbers show a “mere” 36% increase. Prices ticked up slightly, with the median sale price of a home in Montgomery County […]

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Howard County Real Estate Bounces Back Despite Increased Supply

Defying the basic tenets of economics seems to be the norm for the Howard County housing market. Even in the face of a dramatically increased supply of homes for sale (up over 37% from last year at this time), prices remain firm in Howard County for August.

The median sale price of a Howard County […]

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Montgomery County Prices Calm amidst Rising Inventory

This seems to be the story in our region lately, and it’s no different for Montgomery County. Even as the available inventory of homes for sale increases (at 3,109 active listings, it’s up over 43% from last August), prices remain staunch. The median sale price of a home in Montgomery County for August, 2014 was […]

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Mortgage Debt Down, Other Types of Debt Up, Fed Study Finds

An article by Michael Neal published on the National Association of Home Builders (NAHB) website, reveals that overall consumer debt fell in the second quarter of this year, but only due to decreased mortgage and home equity lines of credit (HELOC) balances. Other forms of consumer debt, including auto loans, student loans, and other credit […]

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Howard County Home Sales – Volume Down, Pending Sales Up

Howard County is facing a glut of active listings. There are currently 1,321 homes on the market, up nearly 44% from last year. Combined with the decrease in homes sold – 355 last month, compared to 396 last July, a drop of over 10% – and it’s even more impressive that prices are remaining steady.

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Montgomery County Days on Market Up, Sales Down

Montgomery County’s residential home sales are starting to show some signs of strain. Days on market have been creeping up, currently sitting at an average of 39 days, up from 35. While homes still sell in Montgomery County relatively quickly, it’s a sign of a slower market than last year’s.

Montgomery County has significantly fewer […]

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Howard County Home Sales – Sideways, with Troubling Trends

June’s home sales data for Howard County give us reason for concern. While the year began slowly, primarily due to the harsh winter we experienced in early 2014, the spring and early summer months have failed to provide the activity we’d expect to see in a recovery. On top of that, several bellwether numbers are […]

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Montgomery County Active Listings Up, Cash is King

Montgomery County continues to enjoy a stronger real estate market than other jurisdictions in the state. The number of homes sold is even up slightly compared to last year (0.8% higher, with 1,260 sales last month compared to 1,250 a year ago). Prices remain flat, however, and this month are 3.49% lower than this time […]

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3 Reasons to Keep an Eye on Howard County Real Estate

Howard County continues to see steady prices, with May’s median home sale price of $399k a 2.98% increase from this time last year.

There are now several areas of concern with Howard County’s real estate market, however. Let’s look at three important indicators trending against us.

The number of active listings is up 49.18% from […]

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