Montgomery County MD Real Estate Market Report for October 2009
MRIS has published the real estate sales statistics for Montgomery County for October 2009*
| County-wide | 2009 | 2008 | % Change |
| Avg. Price | $427,436 | $477,224 | -10% |
| Median Price | $330,000 | $370,000 | -11% |
| DOM | 80 | 116 | -31% |
| # homes sold | 942 | 678 | +39% |
| New Listings: | 1373 |
| Total Marked Contract: | 576 |
| Total Marked Contingent: | 675 |
| Total Pending (contract + contingent) | 1251 |
Note: There are currently 4410 homes listed for sale in Montgomery County, that makes roughly a 4 month inventory. Inventory is continuing to go down month after month, the number of homes sold has increased over last year. We're a stable market. With the Expansion and Extension of the First-time homebuyers Tax Credit, we expect the market to continue in the same way through the winter into next year.
*Other notable sales statistics: 48% of the 942 homes that sold last month sold in under 30 days. 45% were Conventional financing, 36% were FHA, and 12% were cash.
SEE Frederick County Real Estate Market Report for October 2009 and Compare to: Montgomery County Real Estate Report for September 2009
To see homes on the market, use our free MLS search, or contact us for information about the Frederick Real Estate Market or the Montgomery County Real Estate Market.
The Highland Real Estate Group
Chris & Karen Highland * Frederick County MD Real Estate Agents
Specializing in Frederick County Real Estate
301-831-9947
Real Estate Teams, LLC
isell4u2@msn.com
* All Statistics gathered from the Mid-Atlantic Information System, MRIS, are deemed to be accurate, but not guaranteed.