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| FEBRUARY 2025 | |||
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| Units Sold 181 |
Active Inventory 280 |
Median Sale Price $546,500 |
Days On Market 21 |
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| Down -8% Vs. Year Ago |
Down -9% Vs. Year Ago |
Down -1% Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 181 sold this month in Howard County Real Estate versus 151 last month, an increase of 20%. This month's total units sold was lower than at this time last year, a decrease of 8% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 9%. The total number of active inventory this February was 280 compared to 307 in February 2024. This month's total of 280 is lower than the previous month's total supply of available inventory of 288, a decrease of 3%. |
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Median Sale Price
Last February, the median sale price for Howard County Homes was $550,000. This February, the median sale price was $546,500, a decrease of 1% or $3,500 compared to last year. The current median sold price is 1% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 233 |
Current Contracts 207 |
Sold Vs. List Price 102.2% |
Months of Supply 1.5 |
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| Down -21% Vs. Year Ago |
Down -16% Vs. Year Ago |
Up 0.9% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In February, there was 1.5 months of supply available in Howard County. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 233 homes newly listed for sale in Howard County compared to 296 in February 2024, a decrease of 21%. There were 207 current contracts pending sale this February compared to 246 a year ago. The number of current contracts is 16% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Howard County was 102.2% of the average list price, which is 0.9% higher than at this time last year. Days on Market
This month, the average number of days on market was 21, which is similar compared to a year ago. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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