Howard County Market Trends

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Howard-County-MD-MapHoward County real estate has been one of Maryland’s fastest-growing regions, increasing its population by 34% over the past decade. Population is projected to grow to 327,635 by 2035, according to the Howard County Department of Planning and Zoning. Currently, the County’s citizens are the wealthiest in Maryland and among the most affluent in the nation.

For its location alone – nestled between Baltimore and Washington, D.C. along I-95 – Howard County real estate ranks high among the most sought-after places to live in the region. Residents also take advantage of a pleasing mix of well-planned rural and suburban neighborhoods, a diverse business base and a public school system that tests among the best in Maryland.

Howard County’s geographic and cultural midpoint is Columbia, the Rouse Company’s 1967 creation that has become a national model for planned communities. (Rouse, a Baltimore developer, was also responsible for the redevelopment of Baltimore’s Inner Harbor area.) A large shopping mall and man-made lake serve as Columbia’s centerpiece, around which several self-contained villages offer a variety of housing options. Next door is Ellicott City, where stately granite structures are occupied by cafés, antiques shops and tons of history. Paired together, Columbia and Ellicott City finished in the top 10 among Money magazine’s 2006 list of the nation’s “Best Places to Live.”
 

Over the past year, the number of closed sales in Howard County has substantially increased.
 

 

While the average sales price in Howard County has remained stable to do increased demand.
 

 

When you see that there is above average sales activity with price stability, one would think that the effective marketing time would increase? That is not the case in Howard County, as homes typically are exposed to the market for less than 45 days!
 

 
 
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