Montgomery County Real Estate Market Report for July 2009
Montgomery County real estate market statistics for July 2009: MRIS has published the real estate sales statistics for Montgomery County for June 2009*
| County-wide | 2009 | 2008 | % Change |
| Avg. Price | $459,258 | $531,203 | -14% |
| Median Price | $375,000 | $408,000 | -8% |
| DOM | 93 | 92 | +1% |
| # homes sold | 1,130 | 867 | +30% |
| New Listings: | 1361 |
| Total Marked Contract: | 621 |
| Total Marked Contingent: | 681 |
| Total Pending (contract + contingent) | 1302 |
Note: There are currently 4855 homes listed for sale in Montgomery County, that makes roughly a 6-4 month inventory. Inventory is shrinking, prices are still falling, but at a lower rate. The number of homes sold has increased by 30% over last year. We're seeing the market stabilize.
*Other notable sales statistics: For the first time in many years, we’re seeing sales under $100,000…30 to be exact. The largest number of sales (20%) were in the $200,000 to $300,000 price range, reflecting the surge in first-time buyers and investors getting deals in the present market. 44% of the 1130 homes that sold last month sold in under 30 days.
SEE Frederick County Real Estate Market Report for July 2009
To see homes on the market, use our free MLS search, or contact us for information about the Frederick Real Estate Market.
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The Highland Group
Chris & Karen Highland * 301-831-9947
Turning Point Real Estate – 301-831-8232
email us: isell4u2@msn.com
Text Us: 301-401-5119
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