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Market Trends
Commentary Provided byLen Moyer If you can qualify, now is an exceptional time to buy a home in Columbia. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 410-964-8842 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Baltimore | ||
| Buyers’ or Sellers’ Market | Equal buyers and sellers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $300,000 - View Graph Trend | ||
| Best Selling Price Range | $250,000 - $299,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Down 0-5% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | Many well priced stater homes are selling very quickly, and getting multiple offers. The $8000 tax credit to first time buyers is creating this competitive atmosphere. | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Columbia is | Increasing | ||
| Seller Activity for the past 90 days in Columbia is | Increasing | ||
| Is Financing Available For Qualified Buyers in Columbia? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Ellicott City, Maple Lawn | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Columbia! | ||
| Average Sold Price | $300,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Len Moyer
CENTURY 21 HT Brown Real Estate Columbia, Maryland 410-964-8842 skilen@comcast.net Agent Home Page 
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Columbia Local News
News for Columbia, MD - Saturday June 13th, 2009 9:44am
It's really become a hot market for lower priced homes in Columbia. The last 5 offers our team has written for buyers in June have all had competing offers. All of these homes have sold for under $350,000.
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