Howard County Home Report|3rd Quarter 2007
November 19th, 2007 Categories: Homes in Howard County
The Metropolitan Regional Information Systems (MRIS) has released it’s Third Quarter Economic and Market Watch Report. Howard county residents looking to keep an eye on the real estate market should check back often for monthly updates as well. This information is also useful to home buyers looking to buy a home.
Here I put all the important information on one page for you.
Howard County Market Statistics
- Employment increased by 808 Jobs in Howard County during Jul/Aug
- Number of job seekers also increased as well.
- Combined effect = Unemployment rate up from 2.7% to 3.0%.
Average Sales Prices Down
Average Sales Price of Howard County Home is down from $465,700 in the 2nd Quarter to a 3rd Quarter number of $464,700.
Number of Homes Sold Down
3rd quarter numbers show a decline in the number of homes sold in Howard County. 2nd Quarter homes sold was 1052vs. 3rd Quarter of 747.
Other Howard County Market Trends
New Homes Built is up from 325 in the 2nd quarter to 344 for the third.
Average days on market for Howard County remained relevantly the same at 53 days.
Stay tuned for specific zip code reports from Ellicott City, Columbia, and Elkridge. In the meantime, to get a neighborhood community report or a property analysis please contact me!
No Comments yet »
RSS feed for comments on this post. TrackBack URI
