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.
The Highland Real Estate Group
Chris & Karen Highland * Frederick County MD Real Estate Agents
Specializing in Frederick County Real Estate
301-831-9947
Real Estate Teams, LLC
isell4u2@msn.com
* All Statistics gathered from the Mid-Atlantic Information System, MRIS, are deemed to be accurate, but not guaranteed.
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About Chris & Karen Highland
We’re Chris and Karen Highland, The Highland Real Estate Group. We’ve lived in the Frederick area for over 18 years and are raising our 4 children here. We’ve seen many communities built where there once was farmland. We love the “small-city yet large-town” atmosphere of Frederick, the quality of life, and the affordability we’ve found here.
I've been selling real estate in Central Maryland for almost 16 years. Karen has been helping me over the years in different capacities, as an assistant, then as a buyer’s agent. For a year, I managed an office and Karen took over the bulk of the business. It was a great experience for both of us. I managed 90+ agents and saw more contracts come over my desk than the previous 14 years combined!
Now I'm back, running the business and Karen is running the office, and blogging and marketing. With each new year comes a different kind of market and new challenges.
In this present market, we face many challenges with mortgage problems, distressed properties and the credit crunch. I've gotten a nationally recognized certification , CDPE, Certified Distressed Properties Expert, to equip me to help homeowners in distress. I'll be blogging about a lot of these issues and about all kinds of real estate topics.
Karen and I always have something to say! Join us in our online, ongoing conversation about Frederick Real Estate