Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Columbia. Low rates, in addition to growing financing options, along with falling home prices makes a home purchase a great value! Call now for more information at 443-832-3139

Average Home Price $325,000 - View Graph Trend
Average Price Compared to Last Year Up 0-5%
Average Time on Market 60-90 days
Best Selling Price Range$450,000 - $499,000
Worst Selling Price Range$200,000 - $249,000
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?No Change
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Columbia isIncreasing
Seller Activity for the past 90 days in Columbia is?Decreasing
Multiple Offers?No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?15-20%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified Buyers100% Financing is available with �NO MONEY DOWN� w/$2,500 Closing Costs Help, to those that qualify, per NFCU.
Housing Inventory Good supply - Some Prices
Inventory CommentsINVENTORY: ACTIVE LISTINGS: 125-NOV 2011/162-NOV 2010 * NEW LISTINGS: 28-NOV 2011/44-NOV 2010 * NEW UNDER CONTRACTS: 23-NOV 2011/20-NOV 2010
Greatest Activity First Time Buyers
Reason to Buy/Sell Job Growth
Nearest Metro AreaWashington/Baltimore Metro Area
Housing Hot SpotsClarkville, MD & the River Hill School District within the Howard County area are considered �Housing Hotspots�.
Average Sold Price $325,000 - View Graph Trend

Columbia Local News


News for Columbia, MD - January 1st, 2012 9:26pm
100% Financing is Available!! NO MONEY DOWN!! $2,500 Closing Costs Help!! Call me NOW to find out more info at 443.832.3139
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Gwendolyn Davis
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Gwendolyn Davis
RE/MAX Supreme Properties
RE/MAX Supreme Properties

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