End of Year Thoughts

I hope you are enjoying your holidays and that you are planning for a happy 2013!

According to the RBI Stats provided to me by the Metropolitan Regional Information Systems, Inc.(MRIS), the system we agents use to input, update and advertise property listings, data is showing that home values are beginning to hold steady if not rise slightly when averaged together in our area, it continues to take a little less time to sell a well priced home relative to its condition and both the sales volume and the total dollar value have risen considerably over the previous year and the previous month. This is good news for November statistics.  December is seeing some of the usual seasonal slowdown as our attention has been on holidays and family which is appropriate.  Continued low interest rates and lower volume of homes on the market combined with rising rents is putting some pressure on home values:

 

November 2012 Real Estate Market Statistics for

Howard County, MD

Statistic	Values	YoY	MoM
Total Sold Dollar Volume	$99,090,795	+30.14%	+22.51%
Closed Sales	244	+19.61%	+15.09%
Median Sold Price	$375,500	+9.07%	+7.29%
Avg Sold Price	$406,110	+8.81%	+6.44%
Avg Days on Market	80 days	-11.11%	-2.44%
Avg Sold to Orig List Ratio	94.4%	+1.55%	+0.19%