Howard County Real Estate Statistics – June 2009
Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator – <$30K to >$500K Format
Howard County, MD
From: 06/01/2009 to 06/30/2009 Statistics generated on: 07/08/2009
| Residential Unit Sales Number of Bedrooms |
Active Listings | Time on Market | |||||||
| Price Class | 2 Or Less |
3 | 4 or More |
Condo Coop and Ground Rent |
Residential |
Condo Coop and Ground Rent |
of Units Sold (No. of Units) |
||
| Under $30,000 | 0 | 0 | 0 | 0 | 1 | 0 | 1 -30 Days | 109 | |
| $30,000-$39,000 | 0 | 0 | 0 | 0 | 0 | 0 | 31-60 Days | 55 | |
| $40,000-$49,999 | 0 | 0 | 0 | 0 | 1 | 2 | 61 – 90 Days | 37 | |
| $50,000-$59,999 | 0 | 0 | 0 | 0 | 1 | 1 | 91-120 Days | 28 | |
| $60,000-$69,999 | 0 | 0 | 0 | 0 | 0 | 0 | Over 120 Days | 76 | |
| $70,000-$79,999 | 0 | 0 | 0 | 0 | 0 | 0 | Total | 305 | |
| $80,000-$89,999 | 0 | 0 | 0 | 0 | 0 | 1 | |||
| $90,000-$99,999 | 0 | 0 | 0 | 0 | 0 | 4 | Type of Financing of Units Sold (No. of Units) |
||
| $100,000-$119,999 | 0 | 0 | 0 | 0 | 2 | 4 | |||
| $120,000-$139,999 | 0 | 0 | 0 | 4 | 0 | 15 | Conventional | 163 | |
| $140,000-$159,999 | 0 | 0 | 1 | 2 | 2 | 10 | FHA | 93 | |
| $160,000-$179,999 | 0 | 1 | 0 | 4 | 6 | 19 | VA | 24 | |
| $180,000-$199,999 | 0 | 5 | 0 | 5 | 17 | 35 | Assumption | 8 | |
| $200,000-$249,999 | 4 | 10 | 1 | 18 | 67 | 57 | Cash | 16 | |
| $250,000-$299,999 | 2 | 21 | 2 | 11 | 117 | 43 | Owner Finance | 0 | |
| $300,000-$399,999 | 0 | 45 | 36 | 10 | 264 | 71 | All Other | 1 | |
| $400,000-$499,999 | 0 | 9 | 33 | 2 | 214 | 32 | Unreported | 0 | |
| Over $500,000 | 0 | 7 | 70 | 2 | 692 | 14 | Total | 305 | |
| Totals | 6 | 98 | 143 | 58 | 1384 | 308 | |||
| Grand Totals | 305 | 1692 | |||||||
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Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009 – Information deemed reliable, but is not guaranteed.
Here are the raw numbers for Howard County for June 2009. Total units sold is up 3.39% from June of last year, while the average sale price is down 6.47%. This is much less of a drop than neighboring Montgomery County, which saw over 15% shaved off their average sale price in the last year. 1,692 homes are on the market, while only 305 homes sold in June. This represents an absorption rate of 18%, slightly under MoCo’s 20+% absorption rate. So less inventory is being absorbed, as a percent of total inventory, but the prices are firmer in HoCo than in MoCo.