Montgomery County Md Real Estate Market Report
Presented by The Highland Group
Montgomery County real estate sales statistics for for December 2010 have been published by MRIS*| County-wide | 2010 | 2009 | % Change |
| Avg. Price | $470,400 | $451,100 | +5% |
| Median Price | $365,000 | $335,000 | +9% |
| DOM | 83 | 72 | +14% |
| # homes sold | 759 | 756 | 0% |
| New Listings: | 663 |
| Total Marked Contract: | 294 |
| Total Marked Contingent: | 412 |
| Total Pending (contract + contingent) | 706 |
New Construction: 234 Active Listings, 33 Sold.
Note: There are currently 3972 homes listed for sale in Montgomery County, that makes roughly a 6-7 month inventory. Sellers are getting 91% of list price on average, compared to 93% at this time last year. We’re seeing a stable real estate market in Montgomery County.
*Other notable sales statistics: The usual percentage of cash deals is 7% to 9% each month. Last month 17% of the sales were cash deals. This reflects, in part, investor purchases.
Compare to: Montgomery County Real Estate Report
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