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.
Call or text me at (702) 340-8000 or email me!