Montgomery County Md Real Estate Market Report  Presented by The Highland Group 

Real estate sales statistics for for October 2013 have been published by MRIS*, here are the highlights:

County-wide      2013      2012  % Change
Avg. Price   $481,700   
   $443,900   
     +9%
Median Price   $379,000   $355,600     +7%
DOM      46     59
      -22%
# homes sold      915
     726     +26%
New Listings:1282 
Total Marked Contract:457
Total Marked Contingent:628
New Pending (contract + contingent)1085
Total Pending 
1748

 Notes: There are currently 2434 homes listed for sale in Montgomery County, compared to 2190 at this time last year. That makes roughly a 2-3 month inventory.   Sellers are getting 96% of list price on average, compared to 95% at this time last year.  We’re seeing a stable real estate market in Montgomery County, with inventory starting to creep up a bit. We’re seeing multiple offers on homes that are priced well and in good condition.

*Other notable sales statistics: 20% of the homes that sold were cash deals, still reflecting a lot of investors. A typical number is 6-7%.

 

 

 

 

 *MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.

  



The Highland Group 
Chris & Karen Highland *
Turning Point Real Estate
Cell: 301-401-5119