Your Maryland Real Estate Specialists
Howard County Real Estate Market Update
Get the Winning Edge with Grant, Weston, & Jim Bim
Welcome to a normal real estate market. Howard County buyers have far more homes to choose from than they did a year ago.
New listings surged in October while closed sales dropped, yet prices adjusted only about 7%. For sellers, that means being competitive and realistic. For buyers, it means more choices and a little more room to be patient.
Howard County By The Numbers
Year Over Year
▲ 64%
New Listings
419 homes came to market vs. 255 last October
▼ 37%
Closed Sales
171 homes sold vs. 270 last October
~7%
Price Adjustment
A modest shift given the big swing in supply
11 Days
Average Days on Market
For homes that sold, vs. 42 days for those still sitting
This Month's Big Winners
Top Overall Market — Units
Columbia
Columbia led Howard County in October with 52 closed sales, roughly a third of all sales in the county. ZIP code 21045 led the way with 29 of those sales.
Top Luxury Market
Ellicott City (21043)
Ellicott City's 21043 ZIP code once again led the luxury market with 7 closed sales.
What This Means If You're Selling
Sellers who did everything right sold in an average of just 11 days. Homes still sitting on the market have been there an average of 42 days, and they're a big part of why inventory is building.
With buyers having so much more to pick from, look closely at the comparables: what's currently for sale, what's pending, and what's sold recently. Then make sure you're competitive and realistic on price, terms, and condition so you sell and get top dollar.
What This Means If You're Buying
With new listings up 64%, you have plenty of inventory to look at. Take your time, figure out what's right for you, and be patient in picking the right home.
If a seller starts too high, keep an eye on that listing. It may come back to reality, and that's when you can get a great buy.
Ready to Make a Move in Howard County?
Whether you're buying or selling in Columbia, Ellicott City, or anywhere else in Howard County, we'll give you experienced advice so you can take the right actions and be the big winner in your transaction.
Call 410-461-2800Grant Bim, Weston Bim & Jim Bim — Winning Edge Real Estate
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Welcome to Winning Edge Real Estate a Family Owned and Operated Real Estate Brokerage where Winning Matters. We serve all of your real estate needs in and around the Baltimore / Washington Corridor. The Company is run by Jim Bim, Broker of Record, his son's Grant Bim and Weston Bim are Sales people within the company. Jim, Grant and Weston work to help their Sellers & Buyers accomplish their real estate goals while the Office Manager, Valerie Bim, and our Assistant, Kimberly make sure that homes go from "FOR SALE" to "SOLD" smoothly while making sure to keep you informed every step of the way. As real estate specialists we are experts in representing both home Sellers and home Buyers. We can help with general residential home / town home / condo resale, new homes, custom home construction, land sale, sub dividing acreage, as well as investment property. We are very knowledgeable of Howard County, Maryland as we have lived in the area for 40+ years. Due to our clients moving throughout the state, we also are very knowledgeable of Anne Arundel County, Carroll County, Frederick County, Baltimore County and Montgomery County. We actively work on a daily basis in areas that include: Fulton, Ellicott City, Columbia, Mount Airy, Clarksville, Woodstock, Jessup, Marriottsville, Glenelg, Glenwood, West Friendship, and everywhere in between. We also service Western Baltimore County which includes Arbutus, Halethorpe, Catonsville, Owings Mills and Reisterstown. We provide a free Maryland Real Estate search where we feature Howard County, Carroll County, Baltimore County, and Anne Arundel County real estate that will allow you to find homes, condos, townhomes, new homes, luxury homes, or even acreage, lots, or investment properties. Do you want to invest for your future, but you are not sure how to make the leap to become a real estate investor? We can help you find the right money making property, rent your property, and manage your property. If you have the desire to be a real estate investor, then we have the knowledge and know how to get you to real estate investor success. Quick Stats/Highlights: 100% of asking price (average) 63+ active listings Serving: 8 Maryland counties Hundreds of 5-star reviews