May 2010 Howard County Housings Stats-Pending Sales Plummet while Settlements and Inventory Soar!

June 13th, 2010 by Mike Sloan
Categories: Buyer Info, Community News and Events, How's the Market, Howard County Market Statistics, Residential Real Estate News, Sellers

With the homebuyer tax credit expiring at the end of April the number of sales in the Howard County Real Estate market dropped 25.7 percent. the number of listings put on the market new increased with the spring season to a 13 month high at almost 1,300 homes for sale. Compare that to January’s 850 home inventory and you wonder if people even watched the news about the tax credit before strategically deciding when to sell their home.

Settlements spiked almost 40%!!!! This of course is due to the June 30th settlement deadline for the tax credit. You will see a good month next month with regards to settlements as well and then a significant drop in July.

Condo sales suffered a major drop to it’s lowest amount in a long time including the Holiday months of year end. You would have had better luck selling your condo at Christmas and Hannakuh time than you would have in May!!!

For more detail read Howard County Board of Realtors full report.

This entry was posted on Sunday, June 13th, 2010 at 3:58 pm and is filed under Buyer Info, Community News and Events, How's the Market, Howard County Market Statistics, Residential Real Estate News, Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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