Jun
12
Montgomery County Real Estate Market Report for May 2010
Posted by Chris & Karen Highland under For Buyers, For Sellers, Gaithersburg, Market Reports, Marketing Reports, Maryland
MRIS has published the real estate sales statistics for Montgomery County for May2010*
| County-wide | 2010 | 2009 | % Change |
| Avg. Price | $424,120 | $425,160 | -0.25% |
| Median Price | $351,000 | $358,120 | -2% |
| DOM | 51 | 105 | -51% |
| # homes sold | 1078 | 874 | +23% |
| New Listings: | 1461 |
| Total Marked Contract: | 511 |
| Total Marked Contingent: | 561 |
| Total Pending (contract + contingent) | 1072 |
New Construction: 247 Active Listings, 21 Sold.
Note: There are currently 4961 homes listed for sale in Montgomery County, that makes roughly a 4-5 month inventory. Sellers are getting 96% of list price on average, as opposed to 91% at this time last year. We™re seeing market stabilize in Montgomery County.
*Other notable sales statistics: 64% of the homes that sold last month sold in under 30 days. 12% were cash deals. (higher than the usual 7 – 9%)
SEE Frederick County Real Estate Market Report for May 2010
Compare to: Montgomery County Real Estate Report for April 2010
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To see homes for sale in Frederick or Montgomery County, use our free property search:
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The Highland Group “ Real Estate Teams
Chris & Karen Highland * 301-831-9947
Real Estate Teams, LLC
email us: isell4u2@msn.com
TEXT US: 301-401-5119




















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