Real Estate Market Statistics for Montgomery County, Maryland
The June, 2012 Real Estate Market Statistics for Montgomery County, MD indicate a stronger market than during the same period in 2011. The total sold dollar volume was $531,223,006, up 4.16% from last year. There were 1,049 closed sales in the county, up slightly from last year.
Home sellers and prospective home buyers are keeping a close eye on home prices in Montgomery County. The median sold price was up 8.36% to $413,000 and the average sold price was up 3.47% to $506,409 with an average of 56 days on the market. The average sold price in June was 96.01% of the average list price.
Prospective home buyers in Montgomery County have the advantage of record low mortgage interest rates but are facing an inventory shortage which leads to multiple contract competition on many properties. One of the initial steps for smart home buyers is to obtain a pre-approval letter from their mortgage lender.
We are always ready to assist home buyers and will be happy to recommend mortgage lenders that provide outstanding service. Please contact us when you need current information on the local real estate market.
Hydrangea, Kentlands, Spring Flowers IMG_1615
Photograph by Roy Kelley using a Canon PowerShot G11 camera.
Roy and Dolores Kelley Photographs
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We represent home buyers and sellers as their exclusive agents in the Maryland suburbs of Washington DC.
Roy Kelley
Roy Kelley & Associates
Associate Broker, RE/MAX Realty Group
Client Assistance: 301-670-8996
Recipient of the RE/MAX International Lifetime Achievement Award - 2008
Thanks for the information. This is a good time to buy a home as rates are low.
Roy, Lee County Florida has foreclosures up and new construction starts up! Wow, not a pretty site except for the sales that are absorbing the inventory and multiple offers on some existing homes! We are coming back slowly but firmly and the future is much brighter!
Roy: Great news for residents of Montgomery County MD. Good to hear that your market is gaining momentum.
Good morning Roy,
Nice report on home selling in your area. Market reports are indeed an important part to the puzzel. Have a great day!
Valuable up todate local information! You know your area backwards, forwards Roy.
Roy, Nice to read that the Real Estate Market Statistics for Montgomery County, MD are on the rise. Maybe this is aq sign for good news around the country...
Good morning to all. Montgomery County, Maryland is a market leader and this report should also be good news for other areas that are in the recovery mode.
Hydrangea, Kentlands, Spring Flowers IMG_1616
Photograph by Roy Kelley using a Canon PowerShot G11 camera.
Roy and Dolores Kelley Photographs
Good Morning Roy, very nice market report with the right amount of statistics. I love the photo... Have a Great Thursday
Good report Roy. Good news is always welcomed and a good thing for the country as a whole. Have a great day my friend.
Roy, we have huge bushes of hydrangias on my block. I haven't been able to get a shot nearly as nice as yours.