Ellicott City Real Estate Market Report - Howard, Maryland
Ellicott City, Maryland - Howard
| Market Commentary Provided by Len Moyer If you can qualify, now is an exceptional time to buy a home in Ellicott City. With prices stabilizing, the bottom of the market may have been reached in our market. Call now for more information at 410-964-8842 |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
Len Moyer
CENTURY 21 HT Brown Real Estate Columbia, Maryland 410-964-8842 skilen@comcast.net Agent Home Page  |
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| 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 | $350,000 - View Graph Trend | ||||
| Best Selling Price Range | $300,000 - $349,000 | ||||
| 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 lower priced homes are getting multiple offers, sometimes above list price. The $8000 tax credit is spurring this trend. | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in Ellicott City is | Increasing | ||||
| Seller Activity for the past 90 days in Ellicott City is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Ellicott City? | 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 | Centennial area | ||||
| Reason to Buy/Sell | Good economic news | ||||
| Average Sold Price | $350,000 - 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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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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