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

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

County-wide      2013      2012  % Change
Avg. Price   $502,900   
   $485,300   
     +4%
Median Price   $386,000   $360,000     +7%
DOM      53     61
      -13%
# homes sold      832
     753     +10%
New Listings:545 
Total Marked Contract:312
Total Marked Contingent:337
New Pending (contract + contingent)649
Total Pending 
1393

 Notes: There are currently 1560 homes listed for sale in Montgomery County, compared to 1560 at this time last year. That makes roughly a 2-3 month inventory.   Sellers are getting 95% 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: 18% 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