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For homeowners in Montgomery Country, Maryland, home prices are improving. Fortunately the area has a fairly healthy market.

The median sold price is up slightly while the average sold price improved significantly from the previous year.  It’s still not easy to sell a house fast, though. There has been a significant drop in units sold and a significant increase in days on market.

In terms of supply, in February 2011 there were 525 homes sold. When divided into the number of active listings, it signifies a 6-month supply of houses. This is a slight increase from the prior month, and it indicates a healthy market (defined by a 5-6 month supply).

Active listings were down in Montgomery County, and new listings were significantly down. This is most likely a result of the legal battles between the US government and the banks that are stalling the release of foreclosed properties. REOs, or Real Estate Owned, are what a bank calls the properties they take back through the foreclosure process.

If you are having trouble selling your house, call us today at 1-877-907-3232 or contact us to get an offer in hours from Express Homebuyers.

While it is taking longer to sell a home in Prince William County, the average and median sales price increased slightly in February, 2011 as compared to February, 2010. In February 2007, the median and average sales prices were $416,703 and $380,000 respectively. This represents a 37% decline in average sales price and a 40% decline in median sales price. These drastic value declines have most likely never been seen before in the United States. Fortunately for people who seek to sell their house fast in Prince William County, the real estate market seems to be stabilizing. While the number of houses sold declined a significant amount and sellers in general are getting a lower sold price, percentage wise, compared to their original list price, they are still getting nearly 97% of list price – another sign of a healthy market. In terms of supply, in January, 2011 there were 343 homes sold. When you divide this into the number of active listings, which have increased about 7% from last year, it signifies a 3.76 month supply of houses. This amount of supply is much better than a typical healthy market defined by a 5-6 month supply. Active listings were up roughly 7% while new listings declined about 7% from a year ago. Contracts on listed homes (new pendings) are up significantly from a year ago – signifying that buyers are becoming very active.

If you want to sell your Prince William County, Virginia home fast, the real estate experts at Express Homebuyers can help.

For people needing to sell their house fast in Montgomery County, Maryland, the challenge in February is that it’s taking longer to sell a home there and prices have declined from the previous year. The median sold price dropped by 7.55% while the average sold price declined by just over 2%. Sellers in general are also getting a lower sold price, percentage wise, compared to their original list price. In terms of supply, in January, 2011 there were 557 homes sold. When you divide this into the number of active listings, it signifies a 5.6 month supply of houses, which falls squarely into a typical healthy market of 5-6 months. Active listings and new listings are up roughly 5% from a year ago, while contracts on listed homes (new pendings) are up significantly from a year ago – signifying that sellers are becoming more active and buyers are becoming very active.

If you want to sell your Montgomery County, Maryland home fast, the real estate experts at Express Homebuyers can help.