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| MAY 2025 | |||
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| Units Sold 353 |
Active Inventory 442 |
Median Sale Price $600,000 |
Days On Market 14 |
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| Down -1% Vs. Year Ago |
Up 15% Vs. Year Ago |
Down -8% Vs. Year Ago |
Up 27% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 353 sold this month in Howard County Real Estate versus 309 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 1% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 56 units or 15%. The total number of active inventory this May was 442 compared to 386 in May 2024. This month's total of 442 is lower than the previous month's total supply of available inventory of 522, a decrease of 15%. |
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Median Sale Price
Last May, the median sale price for Howard County Homes was $650,000. This May, the median sale price was $600,000, a decrease of 8% or $50,000 compared to last year. The current median sold price is 4% lower than in April. 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 362 |
Current Contracts 379 |
Sold Vs. List Price 101.8% |
Months of Supply 1.3 |
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| Down -10% Vs. Year Ago |
No Change Vs. Year Ago |
Down -1.2% Vs. Year Ago |
Up 16% Vs. Year Ago |
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Months of Supply
In May, there was 1.3 months of supply available in Howard County, compared to 1.1 in May 2024. That is an increase of 15% versus 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 362 homes newly listed for sale in Howard County compared to 404 in May 2024, a decrease of 10%. There were 379 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 1% higher than last month. |
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Sale Price to List Price Ratio
In May, the average sale price in Howard County was 101.8% of the average list price, which is 1.3% lower than at this time last year. Days on Market
This month, the average number of days on market was 14, higher than the average last year, which was 11, an increase of 27%. | |||
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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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