Sun May 16 2021
This week the median list price for Columbia, MD is $667,450 with the market action index hovering around 95. This is an increase over last month's market action index of 94. Inventory has increased to 30.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$667,450|
|Median Price of New Listings||$570,000|
|Per Square Foot||$239|
|Average Days on Market||16|
|Median Days on Market||7|
|Strong Seller's Market|
Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,019,990||4,159||8,000 - 10,000 sqft||4||3||0||1||0||21|
|$889,900||4,248||0.25 - 0.5 acre||4||3||0||2||1||21|
|$585,000||3,091||0.25 - 0.5 acre||4||3||28||7||5||0|
|$394,500||1,507||0.25 - 0.5 acre||3||2||46||6||4||3|