December 2011 Real Estate Statistics for Montgomery County, Maryland
Hi! I’m Brad Chandler of Express Homebuyers and the Following is Your December 2011 Real Estate Statistics for Montgomery County, Maryland
The average sales price of a home sold in December was $426,499, a decrease of 7.5% from a year earlier. 713 homes were sold in Montgomery County in December, a 10.5% decline from last December. Those homes took on average 85 days to sell, an increase from 82 days, a year ago. Based on 673 homes being sold in November there is less than a 4-month supply of homes in Montgomery County. This means that if buyers continued to buy at the same pace as they did in November each month going forward and there were no new homes placed on the market for sale the supply of houses for sale would run out in about 4 months. Sellers are getting on average 92% of what they list their home for. So if the seller listed the home for $100,000 they would, on average, end up selling it for $92,000. The number of homes for sale decreased over 13% from a year ago to 2,474 homes while the number of homes that came on the market decreased 9.5% to 571 homes. The number of new contracts that buyers placed on homes for sale decreased 9% from a year ago. So things have slipped a little in Montgomery County from a year ago. While a 4-month supply of homes is very healthy, all of the other indicators have gotten worse. Not dramatically worse – just worse. If you have any questions about this information or selling your Montgomery County house fast please contact us at the number above.
| Montgomery County, MD | December 2011 | December 2010 | % Change |
|---|---|---|---|
| Avg Sold Price | $426,499 | $461,393 | -7.56% |
| Median Sold Price | $335,000 | $359,000 | -6.69% |
| Units Sold | 713 | 797 | -10.54% |
| Avg Days on Market | 85 | 82 | 3.66% |
| Avg Sold Price to List Price | 92.5% | 92.3% | 0.25% |
| Active Listings | 2,474 | 2,864 | -13.62% |
| New Listings | 571 | 631 | -9.51% |
| New Pendings | 648 | 714 | -9.24% |
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