For the quants out there, all the raw data from our MLS.

The stats are in for October.  Like pretty much every month lately, it’s good news and bad news.  Let’s start with the good stuff!
Sales volume is UP about 40% in Montgomery and Howard Counties.  So people *are* buying homes.  That’s the good news.
The question is: what are people buying?  It’s certainly NOT expensive homes.  There were a [...]

Howard County’s raw data for October. Analysis to follow!

Crunching the numbers in Howard County and Montgomery County, Maryland!

This is the raw data.

Googling for real estate fun and profit! Find nearly any foreclosure via Google, and then give us a call for a private showing. What could be easier?

Howard County units sold is up 7.3%, the days on market has come down over 22%, and prices are “only” down 8.4%. HoCo is holding up very well in our metropolitan area, believe it or not! Our neighbor to the south, Montgomery County, is still much harder hit on average and median price.

Howard County continues to feel less pain than the surrounding counties in the metropolitan DC and Baltimore areas. Average sold pirce is down only 7.68%, about half of the decline in neighboring Montgomery. Number of homes sold is up over 27%, and the average days on market is down to 90 days. Will the trend be our friend?

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.

Metropolitan Regional Information Systems, Inc.  Real Estate Trend Indicator – <$30K to >$500K Format
Howard County, MD
From: 05/01/2009 to 05/31/2009                Statistics generated on: 06/08/2009

 
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
79

$30,000-$39,000
0
0
0
0
0
0
31-60 Days
37

$40,000-$49,999
1
0
0
0
1
0
61 – 90 Days
21

$50,000-$59,999
0
0
0
0
0
3
91-120 Days
9

$60,000-$69,999
0
0
0
0
0
1
Over 120 Days
87

$70,000-$79,999
0
0
0
0
0
1
Total
233

$80,000-$89,999
0
0
0
0
0
1
 
 

$90,000-$99,999
0
0
0
0
0
1
Type of Financing
of Units Sold
(No. of Units)

$100,000-$119,999
0
0
0
1
2
4

$120,000-$139,999
0
0
0
1
0
16
Conventional
111

$140,000-$159,999
0
0
1
4
3
16
FHA
74

$160,000-$179,999
2
1
0
2
5
14
VA
26

$180,000-$199,999
2
0
1
4
20
37
Assumption
11

$200,000-$249,999
3
13
0
13
68
60
Cash
10

$250,000-$299,999
2
21
3
3
136
55
Owner Finance
0

$300,000-$399,999
0
32
24
11
267
61
All [...]