Montgomery County Md Real Estate Market Report Presented by The Highland Group
Real estate sales statistics for December 2011 have been published by MRIS*, here are the highlights:
| County-wide | 2011 | 2010 | % Change |
| Avg. Price | $426,500 | $461,400 | -8% |
| Median Price | $335,000 | $359,000 | -7% |
| DOM | 85 | 82 | +4% |
| # homes sold | 713 | 797 | -11% |
| New Listings: | 571 |
| Total Marked Contract: | 267 |
| Total Marked Contingent: | 381 |
| Total Pending (contract + contingent) | 648 |
Note: There are currently 2864 homes listed for sale in Montgomery County, that makes roughly a 4-5 month inventory. Sellers are getting 92% of list price on average, compared to 92% at this time last year. We’re seeing a stable real estate market in Montgomery County.
*Other notable sales statistics: 21% of the homes that sold were cash deals, reflecting a lot of investors. A typical number is 6-7%. Inventory is at historic lows. Demand is steady, causing a low absorption rate, even for winter.
The Pending vs. Closed Sales chart shows the longer time between contract to Close.
Average and Median sold prices have been steadily bumping along.
Compare to previous Montgomery County Real Estate market reports
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Related posts:
- Montgomery County Md Real Estate Statistics for September 2011
- Montgomery County Real Estate Market Report for December 2010
- Montgomery County Real Estate Statistics for October 2011
- Montgomery County MD Real Estate Market Report for June 2011
- Montgomery County MD Real Estate Market Statistics for December 2009
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