Maryland REALTORS® has released numbers for February in Maryland. Statewide, the average home price rose by 5.1 percent and the median price rose by 5.0 percent compared to 2018. Inventory also rose to 4.6 months statewide.
The January statewide median sales price was $275,000 compared to $262,000 in 2018. This represents an increase of 5.0 percent. Now let’s look at Howard County.
In February, Howard County had 201 homes for sale vs. 219 in Feb. 2018. The average price was $402, 490 vs. $411, 538 last year at this time. The active inventory was higher than 2018, 635 units vs. 580 last year at this time. Months of inventory on hand also increased 3.2 percent vs. 2.6 last year. These numbers are good news for homebuyers looking in Howard County, and show a good balance between sellers and buyers!
If you are looking for a home in the area, please give me a call or text! I know about some great programs sponsored by the State of Maryland that provide down payment and closing cost assistance.
Interested in buying home but have questions? We would like to help! Come by our office for light bites and wine on Thursday, Apr.11, 2019 and learn all about buying a house in Maryland! We will have experts on hand to tell you all about:
How home ownership may be cheaper than your monthly rent-stop making your landlord rich!
Tax benefits of home ownership
Credit issues and getting financially “ready” to buy
Rent to Own programs
Property search and negotiating your offer
Successfully getting to the closing table and moving in
You’ll have the opportunity to ask questions in a casual, fun setting. Confidentially find out what your purchasing power is and get advice on what you can do to improve your credit score.
All are welcome. Wine and Light refreshments will be served. Raffles and giveaways that all attendees can participate in.
State starts campaign to raise awareness about the Maryland Homestead Tax Credit.
Beginning on Feb. 1, 2019 the State of Maryland will be making it easier for homeowners to apply for the homestead tax credit. This credit reduces the tax on your primary residence by capping the new assessment percentage every two years. The state cap is 10 percent, but local governments can set their own caps. For instance, Howard County has a cap of 5 percent. The State of Maryland will be identifying properties that are eligible for the credit and sending an application with your assessment notice. You can find your county’s tax cap here.
Here’s How it works
Tax without cap
Tax with cap
First Year Assessment
Tax rate of $1.04 per $1000
Is my property eligible?
Property must be a primary residence, and you must live in it 6 months out of the year.
A married couple can have only one primary residence.
Primary residence address must match up with Maryland income tax, voter registration and dmv records.
How do I apply?
First you need to check if you already have an application filed. You can do this by going to the sdat website and entering your county and address.
Once you have verified that an application hasn’t been filed, you can do one of two things:
You can wait for your assessment statement to come in the mail, fill out the application and return it.
You can apply on the Maryland Assessment website here. You will need to get an access number to file the application online. To get this number, send your name, address and county to this email: email@example.com.. You will get a return email with your account number and an access code.
To apply by mail or fax, download this form and return it to:
Department of Assessments and Taxation Homestead Tax Credit Division 301 West Preston Street, 8th Floor Baltimore, Maryland 21201
Fax: (410) 225-9344
You can check the status of your application by revisiting the Maryland Real Property Database.
Want to find out what your home is worth based on the latest closed and pending sales? Fill out the form below.
Maryland REALTORS® announced the final numbers for November and December of 2018. Winter is normally a slower time for the housing market, the state finished out strong with the average home price up 2.2 percent and the median prices up 4.4 percent as compared to the same time last year.
The November 2018 statewide median sales price was $338,336 and $330,196 in December. These both represent a slight increase of 2.2 percent over November 2017 and 2.8 percent over December 2017.
If you have ever walked into a KFC and thought, “I wish my house could smell like this,” your prayers have been answered. For a limited time KFC is offering up a fireplace log that emits the amazing fragrance of Kentucky Fried Chicken. Created by Enviro-Log, the limited edition log is scented with those key 11 herbs and spices, warming your home and your senses.
“At KFC, we have always been proud of our role in bringing loved ones together at the dinner table around a bucket of our world-famous fried chicken,” said Andrea Zahumensky, KFC U.S. CMO. “Now, this winter we’re bringing all the things we love – family, friends and fried chicken – together around the fire with our scented firelog.”
The special logs are available as supplies last. KFC has created a number of promotional products this year (KFC scented sunscreen, pool floats) that have sold out within hours of being posted. The logs are $18.99 (tax and shipping included), available at kfcfirelogs.com. Get them while they’re hot!