Realty Times - Ellicott City, Maryland Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Maryland > Ellicott City

Market Conditions Summary for Ellicott City, Maryland

Reported by

Jerry Boyer
as of 11/18/2008:

Recovery in the Real Estate industry is in the air. There's even a tax credit being offered to first time home buyers that tops out at $7,500. As is the case with the whole Baltimore/Washington corridor, we are still in a great buyer's market, but... MORE->
About Jerry Boyer

Reported by

Emilie Christiansen
as of 11/16/2008:

Market is slow but nice homes are still selling. Many sellers are lowering their asking price and pay thousands of dollars towards purchaser's closing cost. No more multiple contracts or escalation clauses. The interest rate is pretty low so all in... MORE->
About Emilie Christiansen

Reported by

George D Belleville
as of 11/12/2008:

As one of America's Best Places to Live 2006, Columbia / Ellicott City - (#4 -Money Magazine), Howard County has seen the benefit of rising prices over the past few years, followed by price corrections over the last few months. The Ellicott... MORE->
About George D Belleville

Reported by

Louise SchultzSalesperson
as of 9/20/2008:

Home prices decline: Buyers spooked. Sellers worried. The lack of buyer confidence to enter the market has been the one principal reason in holding back home sales thus the large amount of inventory. Many sellers are withdrawing from the market... MORE->
About Louise SchultzSalesperson

Reported by

Claire Hodgkin
as of 8/11/2008:

In Howard County, there were 120 less home sales in July, 2008 than in July, 2007.The median price of homes sold in the county has decreased $7,400 from July a year ago. The average sold price in July was $445,928. The average days on market was... MORE->
About Claire Hodgkin

Average Current Market Rating: 1.4 (5 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.2 (5 ratings)

1	2	3	4	5
Falling			Rising

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Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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