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| AUGUST 2024 | |||
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| Units Sold 317 |
Active Inventory 325 |
Median Sale Price $610,000 |
Days On Market 16 |
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| Down -11% Vs. Year Ago |
Down -13% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 23% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 317 sold this month in Howard County Real Estate versus 341 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 11% versus August 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 48 units or 13%. The total number of active inventory this August was 325 compared to 373 in August 2023. This month's total of 325 is lower than the previous month's total supply of available inventory of 387, a decrease of 16%. |
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Median Sale Price
Last August, the median sale price for Howard County Homes was $569,750. This August, the median sale price was $610,000, an increase of 7% or $40,250 compared to last year. The current median sold price is 1% higher than in July. 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 282 |
Current Contracts 299 |
Sold Vs. List Price 102.0% |
Months of Supply 1.0 |
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| Down -19% Vs. Year Ago |
Down -3% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In August, there was 1.0 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 282 homes newly listed for sale in Howard County compared to 347 in August 2023, a decrease of 19%. There were 299 current contracts pending sale this August compared to 307 a year ago. The number of current contracts is 3% lower than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Howard County was 102.0% of the average list price, which is 0.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 16, higher than the average last year, which was 13, an increase of 23%. | |||
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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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