So,how is the Montgomery County Real estate market? Is it getting better? Is it getting worse? Or is it the same?
The answers may vary by neighborhoods/sudivisions and zip codes. The website below from mris,is an overall picture and these reports come out in the middle of each month. Information is deemed to be accurate but not guaranteed.
http://www.mris.com/reports/marketupdate/Montgomery%20County.pdf
Here are some highlights:
1. Comparing all of 2009 to 2008, the average days a home was on market until sale improved by 12.1 %, and comparing December 2009 to December 2008,the average number of days a home was on market until sale improved by a 32.5%!
2. Comparing all of 2009 to 2008,the median sale price of homes was down 13.2%.Some buyers have taken advantage of this opportunity. On the bright side for home sellers,comparing December 2009 to December 2008 the median sales price of homes was down only. 2.9%...a marked improved from the recent of the year and a possible sign for home owners and future sellers that home sale prices are on the upturn.
3. 12.8% less homes went on the market for sale in all of 2009 compared to all of 2008,while 3.6% less homes went on the market in December 2009 compared to December 2008. Furthermore,comparing all of 2009 to all of 2008 closed real estate sales where up 21.1% and comparing December 2009 to December 2008,closed real estate sales were up 18,2%. So while less homes have been going on the market,more homes have been selling--supply of homes is down,which is good for home sellers whose houses are for sale,are priced well and show well.
Above is a photo of the Clara Barton House in Glen Echo, Maryland
For more specific information about a neighborhood you are interested in let me know
and if you want a FREE PRE-HOME MARKET EVALUATION, let's meet.
Life is good!
Adam
adambashein@mris.com
www.basheinhomes.info
Cell: 301-943-4370
Adam Bashein
Licensed in MD & DC
Weichert Realtors
7821 Tuckerman Lane
Potomac,MD 20854
301-718-4100 ext. 132
By the way,I am always appreciative and always have time for your referrals.
No comments:
Post a Comment