Montgomery County Real Estate Market Statistics - August 2009
Montgomery County real estate market statistics for August 2009: MRIS has published the real estate sales statistics for Montgomery County for August 2009*
| County-wide | 2009 | 2008 | % Change |
| Avg. Price | $456,860 | $511,000 | -11% |
| Median Price | $355,000 | $408,000 | -13% |
| DOM | 85 | 99 | -14% |
| # homes sold | 967 | 787 | +23% |
| New Listings: | 1240 |
| Total Marked Contract: | 590 |
| Total Marked Contingent: | 574 |
| Total Pending (contract + contingent) | 1164 |
Note: There are currently 4478 homes listed for sale in Montgomery County, that makes roughly a 4 month inventory. Inventory is down 26% from last August, prices are falling at a slower rate. The number of homes sold has increased by 23% over last year. We're seeing the market stabilize.
*Other notable sales statistics: 42% of the 967 homes that sold last month sold in under 30 days. 48% were Conventional financing, 34% were FHA, and 12% were cash.
SEE Frederick County Real Estate Market Report for August 2009
To see homes on the market, use our free MLS search, or contact us for information about the Frederick Real Estate Market or the Montgomery County 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