This is the raw data.

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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.

Montgomery County saw sales volume up 22.9% with the median sales price down 13%. Could we be at the market’s bottom?

Homes sales are up 3.2% over last month, and 12 percent over last year. We anticipate good activity for another month or so, but prices could remain flat.

Although experts predict it will take time for the economy to fully recover, there has been a lot of encouraging news recently.

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?

Volume up, sale price down. Average sold price down 13.54% from last year. Inventory is down a bit, but the effect could be mostly explained by seasonality.

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.

Here’s the raw data from Montgomery County for June 2009. Sales are up 20.9% in volume, but prices remain soft, with an average sold price of 15.85% less than this time last year. New listings totaled 1,442 for the county as a whole, while 1,325 homes went under contract. There was a total of 5,172 active listings, with 1,099 sold in June, for an absorption rate of 21.2% of inventory absorbed in the month. For more insight, feel free to contact us!