What’s Happening in the Howard County Real Estate Market?

Buying a Howard County home? Get a full home search 

Selling your Howard County home? Get a free property valuation

Today, we’re wrapping up the residential market report for Howard County for June 2016. Here are the key year-to-date points that you need to know: inventory is down 9%, contracts are up 11.5%, and the number of settlements are up 17.8%.

To summarize, demand is up, and inventory is down. This means that we’re moving towards a seller’s market. Over time, this should have an upward pressure on price. Buyers, if you’re sitting on the fence, you need to get out there and start looking while rates are low and act before prices rise.

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High demand and low inventory is moving us toward a seller’s market.

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If you’re looking to buy or sell, give us a call or send us an email. We’d be more than happy to help.

Where Is Howard County Real Estate Headed?

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

Selling your Howard County home? Get a free property valuation

Happy Holidays and thanks for tuning in! Our Howard County market stats are hot off the press.

Inventory remains stable, but is trending downward while demand remains high. The number of settlements is up 18% year-to-date since 2014. This is a tremendous sign moving into 2016.

If you're thinking of listing your home in 2016, we have some really awesome promotions that we think you'll be very excited about.

Thanks for a great 2015, and let's get a nice head start on 2016. Happy Holidays!

Where Is the Howard County Market Heading?

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

Selling your Howard County home? Get a free property valuation

The holiday season is upon us! Today, we want to share the latest Howard County market statistics, so you know what to expect from the market in the coming months!

Demand in Howard County is up 20% and settlements are up 19% year to date in comparison to 2014. A total of 445 more homes have sold in 2015 than last year, which is fantastic news for our market.

The average sales price in our area is $476,096 year to date. This is up 1% over last year; although that's a modest increase, it's a great sign for our marketplace.

If you have any questions about where our market is heading, or if there is anything I can help you with, please don't hesitate to give us a call. We're here to be your number one real estate resource and would love to help you accomplish your buying and selling needs.

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.

Where's the Howard County Market Heading?

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

Selling your Howard County home? Get a free property valuation
Click here for the Howard County Residential Market Report 

What's going on in the Howard County real estate market? Has the spring market brought anything unexpected? Let's take a look at the numbers to find out:

• Demand is up 21%
• Settlements are up 17%
• Inventory is up 12%

Buyer's expectations are WAY up right now; if the home isn't in fantastic condition, they aren't going to pay top dollar - rather, they'll move on to the next home! If you want to accomplish your moving goals, you need to work with an expert who knows their way around the market!

If you have any questions about our current market, or if you need real estate assistance of any kind, don't hesitate to reach out to us. We are always available to make the real estate process as simple and smooth as possible!

Thanks, and we look forward to hearing from you soon!

Don't Miss Out On Our March Madness Listing Special

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

Selling your Howard County home? Get a free property valuation

If you've been looking to sell your Howard County home, then now is the time! While you may be waiting to list your home in the spring market, we want you to sell your home right now. This March, we're offering some fantastic deals, which will provide you with a great incentive to sell your home. 

Anytime you list your home with us between March 1 - March 31, we're going to sell it for a commission of only 4.75%! 

The second incentive we have for you is that we will provide you with a $500 settlement credit. This can be used towards any repairs you might have while putting your home on the market, or any costs that arise from having home inspections done. 

On top of these great deals, we're still offering our fantastic guarantees. If you sell your home yourself while you're listed with us, you don't need to pay us anything! Also, you're free to opt out of our contract at any point in time. If you don't like our work, you can fire us immediately. This is how confident we are with our work, because we don't think you'll want to get rid of us. 

To schedule a quick, in-home consultation, please contact us via phone or email. 

We would love to help you sell your Howard County home!

How Can We Sell Your Howard County Home for More?

There are many Howard County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a free property valuation so you know what buyers will pay for your home in today's market. You may also call us at 410-964-2400 for a FREE home buying or selling consultation to answer any of your real estate questions.

The new year is here, spring is right around the corner, and we're ready to sell some homes! The phones are already ringing as buyers are beginning their home search. 

However, there is one little problem: we need more inventory!

If you're thinking about selling your house in 2015, give us a call. We'll come out and take a brief look at your property and give you some tips on how you can maximize your profits. We will also review local and regional inventory trends and economic conditions that will affect the sales price of your home. In addition, we'll do a comprehensive market analysis to see what homes similar to yours sold for. 

After putting together a customized sales strategy, we will then agree upon the commission you think is fair for our services. We offer flexible commissions and guarantee that we will beat out any of the competitors in the marketplace. You can cancel your listing with us at any time; if we're not doing a good job, feel free to fire us. We're confident you'll like the job we do. We have a proven track record, with over 20 years of sales worth over $1 billion in the Maryland area. 

We're tired of all the Realtors who advertise as being "number one" and bragging about all the sales they've done. Frankly, this talk of being "number one" is irritating. Here at the Pat Hiban Group, we're concerned with making YOU number one!

Give us a call or shoot us an email if you're thinking about selling in the coming year. We would love to put together a strategy that will help you realize your selling goals.

We look forward to hearing from you soon!

Howard County Real Estate Market Snapshot

There are many Howard County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a free property valuation so you know what buyers will pay for your home in today's market. You may also call us at 410-964-2400 for a FREE home buying or selling consultation to answer any of your real estate questions.

Interesting things have been happening here in Howard County. We're currently inching our way out of a seller's market and toward a more healthy and balanced one. While we saw a small decline in inventory from July to August, inventory is up 40% over last year.

Home prices have been rising steadily since 2012 - from $436,000 two years ago to $472,000 this year. There's good news for buyers as well: with inventory up, buyers have more homes to choose from than at any time in the last 5 years.

What does all of this mean? Buyers should take advantage of low interest rates and the wide selection of homes - there is no better time than now to find that perfect home. Sellers, on the other hand, need to price and market their home aggressively if they want to maximize their profit.

Whether you're buying or selling, we can help you make the most of your real estate transaction. Don't hesitate to reach out to us with all your real estate needs!

Howard County Real Estate Market Update for August 2014

There are many Howard County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a free property valuation so you know what buyers will pay for your home in today's market. You may also call us at 410-964-2400 for a FREE home buying or selling consultation to answer any of your real estate questions.  

Thanks for joining us, everyone. This is the first edition of our video blog, where we will be talking about all different kinds of real estate topics to help educate you on what's going on. Today, we want to give you a quick market update for Howard County so you know exactly what's going on. 

The bottom line today is money is cheap! It is a fantastic time to buy a home right now. Mortgage rates are steady at historical lows around 4.25% for conventional and 4% for FHA and VA loans. Rates for jumbo loans, or loans over $495,500, are at an affordable 4.375% when you put 20% down.  We would suggest that this market is very balanced compared to where it was at this time last year. Due to increases in inventory over the last year, we are trending towards more of a buyer's market than a seller's market.

The supply of homes in Howard County is up 56.6% in June 2014 as compared to June 2013. This can be attributed to basic economics and supply and demand. What happens is, inventory has continued to increase while demand has laid flat. Over time, if these conditions continue, there will be a downward pressure on price.

A note to sellers, even though our inventory is high, it's still a great time to sell your home. If your home is priced well and in good condition, your house will certainly sell with help from the Pat Hiban group. As for buyers, there has been no time in the last 5 years where there has been more opportunity to choose from the supply of inventory on the market. 

If you or anybody you know are looking to buy or sell real estate in Howard County, please give us a call or send us an email. We would be glad to help. Thanks, and have a great day!