Montgomery County Real Estate Market Report for January 2012
Montgomery County Md Real Estate Market Report Presented by The Highland Group Real estate sales statistics for for January 2012 have been published by MRIS*, here are the highlights:
| County-wide | 2012 | 2011 | % Change |
| Avg. Price | $415,900
| $436,400
| -5% |
| Median Price | $325,000 | $338,000 | -4% |
| DOM | 87 | 84 | +4% |
| # homes sold | 530 | 557 | -5% |
| New Listings: | 881 |
| Total Marked Contract: | 270 |
| Total Marked Contingent: | 546 |
| Total Pending (contract + contingent) | 816 |
Note:
There are currently 2333 homes listed for sale in Montgomery
County, that makes roughly a 3-4 month inventory. Sellers are getting
93% of list price on average, compared to 93% at this time last year.
We’re seeing a stable real estate market in Montgomery County.
*Other notable sales statistics: 22% of the homes that sold were cash deals, reflecting a lot of investors. A typical number is 6-7%.
Compare to previous Montgomery County Real Estate market reports
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