Home Sales Dip In August

September 16, 1990|By Staff report

Single-family home sales dropped 9 percent in Howard County last month, compared to August 1989, the county Association of Realtors reported.

The association reported that 302 single-family homes were sold last month, 31 fewer than last year's August sales.

Sales for the year through August went from 1,892 last year to 2,027 this year, and increase of 7 percent.

August condominium sales experienced a similar drop in August, from 48 to 45 units, while year-to-date sales were up 22 percent, from 295 to 361 units, the association reported.

The number of houses and condominiums on the market increased by 33 percent year-to-date, the association reported, from 969 units in 1989 to 1,297 units this year.

The association also reported that single-family homes were selling for an average of $183,529 in August, while condominiums averaged $85,368.

Mortgage rates averaged 9.47 percent.

The area with the most home sales in August was Ellicott City, with 97 units averaging $222,231, followed by eastern Columbia, with 88 units averaging $146,866. Seventy-six units averaging $143,175 were sold in western Columbia, the association reported.

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