Howard County Real Estate Trends, April 2009
Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator – <$100K to >$5M Format
Howard County, MD
From: 04/01/2009 to 04/30/2009 Statistics generated on: 05/06/2009
|
Residential |
Active Listings |
|
Time on Market |
||||||||
|
Price Class |
2 |
|
4 |
Condo |
Ground |
Residential |
Condo |
Ground |
of Units Sold |
||
|
Under $100,000 |
0 |
0 |
0 |
0 |
0 |
2 |
2 |
5 |
1 -30 Days |
52 |
|
|
$100,000 – 149,999 |
0 |
0 |
0 |
2 |
0 |
4 |
28 |
0 |
31-60 Days |
38 |
|
|
$150,000 – 199,999 |
1 |
2 |
0 |
11 |
0 |
25 |
59 |
0 |
61 – 90 Days |
15 |
|
|
$200,000 – 249,999 |
0 |
13 |
1 |
14 |
1 |
69 |
66 |
1 |
91-120 Days |
21 |
|
|
$250,000 – 299,999 |
1 |
21 |
6 |
2 |
0 |
156 |
59 |
2 |
Over 120 Days |
79 |
|
|
$300,000 – 349,999 |
0 |
16 |
9 |
3 |
0 |
138 |
32 |
1 |
Total |
205 |
|
|
$350,000 – 399,999 |
0 |
9 |
8 |
4 |
0 |
128 |
35 |
0 |
|||
|
$400,000 – 449,999 |
0 |
3 |
16 |
0 |
0 |
100 |
12 |
0 |
Type of Financing |
||
|
$450,000 – 499,999 |
0 |
2 |
9 |
0 |
0 |
99 |
14 |
0 |
|||
|
$500,000 – 599,999 |
0 |
3 |
26 |
0 |
0 |
204 |
15 |
0 |
Conventional |
95 |
|
|
$600,000 – 699,999 |
0 |
0 |
15 |
0 |
0 |
159 |
1 |
0 |
FHA |
70 |
|
|
$700,000 – 799,999 |
0 |
0 |
2 |
0 |
0 |
88 |
2 |
0 |
VA |
24 |
|
|
$800,000 – 899,999 |
0 |
0 |
2 |
0 |
0 |
60 |
0 |
0 |
Assumption |
8 |
|
|
$900,000 – 999,999 |
0 |
0 |
0 |
0 |
0 |
62 |
0 |
0 |
Cash |
8 |
|
|
$1,000,000 – 2,499,999 |
0 |
0 |
3 |
0 |
0 |
129 |
0 |
0 |
Owner Finance |
0 |
|
|
$2,500,000 – 4,999,999 |
0 |
0 |
0 |
0 |
0 |
3 |
0 |
0 |
All Other |
0 |
|
|
$5,000,000 & Over |
0 |
0 |
0 |
0 |
0 |
2 |
0 |
0 |
Unreported |
0 |
|
|
Totals |
2 |
69 |
97 |
36 |
1 |
1428 |
325 |
9 |
Total |
205 |
|
|
Grand Totals |
205 |
1762 |
|||||||||
|
|
Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009 – Information deemed reliable, but is not guaranteed.
What does this really mean? Call us today at 301.785.5889 for a no-hassle explanation!
Several big things here. New inventory is coming on faster than it’s clearing, with 520 new listings and 318 contract and contingent offers accepted. Average list price is down 5.37%, which is less than I anticipated, but volume is still way off, even from last year, with dollar volume down over 20%.
It’s the less expensive housing that’s moving the fastest in this market. Makes sense, with the $8,000 first time buyer’s tax credit and crazy low interest rates!