Montgomery County MD Real Estate Market Report for November 2009
MRIS has published the real estate sales statistics for Montgomery County for November 2009*
| County-wide | 2009 | 2008 | % Change |
| Avg. Price | $402,938 | $425,742 | -5% |
| Median Price | $330,000 | $330,000 | -0% |
| DOM | 67 | 106 | -37% |
| # homes sold | 923 | 528 | +75% |
| New Listings: | 970 |
| Total Marked Contract: | 452 |
| Total Marked Contingent: | 456 |
| Total Pending (contract + contingent) | 908 |
Note: There are currently 3990 homes listed for sale in Montgomery County, that makes roughly a 4 month inventory. Inventory is continuing to go down month after month, the number of homes sold has increased 75% over last year at this time. We're seeing a stable market. With the Expansion and Extension of the First-time homebuyers Tax Credit, we expect the market to continue in the same way through the winter into next year.
*Other notable sales statistics: 48% of the homes that sold last month sold in under 30 days.
SEE Frederick County Real Estate Market Report for November 2009 and Compare to: Montgomery County Real Estate Report for October 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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* All Statistics gathered from the Mid-Atlantic Information System, MRIS, are deemed to be accurate, but not guaranteed.