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| MARCH 2025 | |||
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| Units Sold 211 |
Active Inventory 324 |
Median Sale Price $595,250 |
Days On Market 15 |
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| Down -19% Vs. Year Ago |
Down -8% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -12% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 211 sold this month in Howard County Real Estate versus 186 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 19% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 29 units or 8%. The total number of active inventory this March was 324 compared to 353 in March 2024. This month's total of 324 is lower than the previous month's total supply of available inventory of 362, a decrease of 10%. |
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Median Sale Price
Last March, the median sale price for Howard County Homes was $600,000. This March, the median sale price was $595,250, a decrease of 1% or $4,750 compared to last year. The current median sold price is 8% higher than in February. 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 325 |
Current Contracts 320 |
Sold Vs. List Price 102.5% |
Months of Supply 1.5 |
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| Down -10% Vs. Year Ago |
Up 12% Vs. Year Ago |
Down -0.9% Vs. Year Ago |
Up 13% Vs. Year Ago |
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Months of Supply
In March, there was 1.5 months of supply available in Howard County, compared to 1.4 in March 2024. That is an increase of 13% 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 325 homes newly listed for sale in Howard County compared to 361 in March 2024, a decrease of 10%. There were 320 current contracts pending sale this March compared to 285 a year ago. The number of current contracts is 12% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Howard County was 102.5% of the average list price, which is 0.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 15, lower than the average last year, which was 17, a decrease of 12%. | |||
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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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