Hot Off the Press: Howard County Real Estate Market Update

Buying a Howard County home? Get a full home search, 

Selling your Howard County home? Get a free property valuation

It's Mike Sloan with the Pat Hiban Group, and today I'll be giving you the latest stats from our local real estate market.

• Through 2015, settlements are up by 20%
• The average sales price increased to $477,390
• 62% of all closings were between $200K and $500K
• Only 3% of closings were above $1 million
• There have been 559 transactions between $400K and $500K, and 639 between $300K and $400K

What does this mean for you? It means that if you have a home in the $200K to $500K range, then you should consider selling it right now because we have a lot of buyers looking to purchase within that range.

If you're buying outside of these price ranges, then you're going to have your pick of good homes. What's even better is that interest is still very low, and this allows you to save a lot of money over the lifetime of a loan.

If you have any further questions, please don't hesitate to contact us! It's a great time to get into the real estate market.

Home Buyer Testimonial

"The truth is Jake was Amazing! We are first time home buyers and at every turn Jake went out of his way to make us feel comfortable. We were lucky to meet him though a web inquiry, and the first day we saw a few homes with him my wife and I knew he was our guy. We looked at at least 6-10 homes and he never mentioned an exclusivity contract or even a verbal contract to work solely with him. He showed a genuine interest to help us find the right home. Without any commitment from us, he showed up on time (sometimes a couple nights in a row) all over Columbia and listened to what we had to say and what we wanted. It was not until we put in our first offer that he asked us to sign a contract with him and by that time I was more than happy to give him our business. Although we lost out on a few offers, we could not be happier than where we ended up! One month in to our new home we are sublimely happy and could not have come up with a better fit. We put in an offer on a house that was at the max end of our budget and felt disappointment when we did not get it. Jake continued with determination and we kept on looking. Although the house we ultimately ended up buying was $225K less than our pre-approved amount, Jake never tried to force us in another direction. He was not pushy and knew how much we loved what we found. I would recommend Jake to any friend, business acquaintance or anyone interested in purchasing a home. Once we are done with our renovations, I plan on inviting him over for dinner to see what we got done. I cannot say enough about the job he did, and if there is anything we can ever do to help him please let me know."

Home Buyers -  Zachary and Erin Johnson

Buying a Howard County home? Get a full home search, 

Selling your Howard County home? Get a free property valuation

The Time to Buy Is Now in Howard County!

Buying a Howard County home? Get a full home search, 

Selling your Howard County home? Get a free property valuation

I have a special and important announcement for you buyers out there today: WAKE UP!

If you've been thinking about buying a home for a long time, and are dragging your feet along the way, it's time to wake up. NOW is the time to buy a home, and here's why:

Inventory in Howard County is way up and the average sale price is down 4%! These conditions are perfect for buyers, and are making homes more affordable by the day. 

If you've even entertained the idea of selling, we would love to set up a buyer consultation with you to see if we can help you achieve your goals. We can set you up with one of our trusted lenders and make the process effortless on your end, from start to finish. We can even set you up with an instant alert straight to your phone any time a home that meets your criteria comes on the market. 

If you haven't bought your home yet, you've already waited too long and the longer you wait, the more risk you open yourself up to. Give us a call today to set up a buyer consultation!