Howard County Housing Statistics (May 2014)

    In May, it was all about INVENTORY in Howard County housing.

    Inventory May 2014

    Total inventory of single family homes in Howard County has increased 54.5% since this time last year (May 2013), from 677 to 1046 units. What does this mean?

    It’s harder to sell your house because there is more inventory to choose from than any time in the past three years. With more homes for buyers to choose from, yours has to really stand out in order to sell fast.

    If these trends persist (more inventory, less demand), it will become more of a buyer’s market – sellers will have to price their homes more competitively in order to secure a contract.

     

    Prices May 2014Despite this large increase in inventory, home prices compared to last year are still rising. The average sales price for single family homes in Howard County is about $460,ooo.

    For a more extensive breakdown of Howard County housing statistics, view the full PDF here.

    Contact us today to see how we can make these numbers work for YOU!

     

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