Focus On: Howard County Housing Market

Units Sold
264
400 350 300 250 200 150 100 50 0 0 500 1,000 1,500

June 2011
Days On Market
55
120 100 80 60 40 20 0

Active Inventory
1,574
2,000

Median Sale Price

$392,000
450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0

J-09 O-09 F-10

J-10 O-10 F-11

J-11

J-09

O-09 F-10

J-10

O-10 F-11

J-11

J-09 O-09 F-10 J-10 O-10 F-11 J-11

J-09 O-09 F-10

J-10 O-10 F-11

J-11

Down -25% Vs. Year Ago

Units Sold*
250 200 150 100 50 0
Sold Detached

Down -9% Vs. Year Ago

Up 1% Vs. Year Ago

Up 4% Vs. Year Ago

Sold Attached

Sold Condo/ Coop

There was an increase in total units sold in June, with 264 sold this month in Howard County versus 213 last month, an increase of 24%. This month's total units sold was lower than at this time last year, a decrease of 25% versus June 2010.

Units Sold

Versus last year, the total number of homes available this month is lower by 155 units or 9%. The total number of active inventory this June was 1,574 compared to 1,729 in June 2010. This month's total of 1,574 is lower than the previous month's total supply of available inventory of 1,598, a decrease of 2%.

Active Inventory

2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0

Active Detached

Active Inventory*
Active Attached

Active Condo/ Coop

Median Sale Price

500,000 400,000 300,000 200,000 100,000 0

Jun-10 $387,250

Jun-11 $392,000

Last June, the median sale price for Howard County Homes was $387,250. This June, the median sale price was $392,000, an increase of 1% or $4,750 compared to last year. The current median sold price is 9% higher than in May.

Median Sale Price

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Fosters knowledgeable and experienced sales associates. Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc.

Focus On: Howard County Housing Market

New Listings
437
800 700 600 500 400 300 200 100 0

June 2011
Months of Supply
6.0
12 10 8 6 4 2 0

Current Contracts
294
500 400 300 200 100 0

Sold Vs. List Price

97.0%
98% 98% 97% 97% 96% 96% 95%

J-09 O-09 F-10

J-10 O-10 F-11

J-11

J-09

O-09 F-10

J-10

O-10 F-11

J-11

J-09 O-09 F-10 J-10 O-10 F-11 J-11

J-09 O-09 F-10

J-10 O-10 F-11

J-11

Down -20% Vs. Year Ago

Up 18% Vs. Year Ago

No Change Vs. Year Ago

Up 22% Vs. Year Ago

Months Of Supply
12
9.3 9.6 8.5 7.6 7.6 7.6

10
6.1 5.7

6.1

6.4

5.2

5.2

5.6

5.0

5.1

5.1

6 4 2 0

4.7

4.9

6.0

In June, there was 6.0 months of supply available in Howard County, compared to 4.9 in June 2010. That is an increase of 22% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

Months of Supply

7.4

7.4

6.8

6.7

7.2

7.5

New Listings & Current Contracts

800
Number of New Listings

Total Pending

This month there were 437 homes newly listed for sale in Howard County compared to 546 in June 2010, a decrease of 20%. There were 294 current contracts pending sale this June compared to 249 a year ago. The number of current contracts is 18% higher than last month.

New Listings & Current Contracts

700 600 500 400 300 200 100 0

Sale Price/ List Price & DOM

98% 98% 97% 97% 96% 96% 95%
Avg Sale / Avg List Average DOM

120 100 80 60 40 20 0

In June, the average sale price in Howard County was 97.0% of the average list price, which is similar compared to a year ago.

Sale Price to List Price Ratio

This month, the average number of days on market was 55, higher than the average last year, which was 53, an increase of 4%.

Days On Market

*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Fosters knowledgeable and experienced sales associates. Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc.