Montgomery County, MD update - 12/11/07 09:01 AM
Here's a quick readout on residential sales in Montgomery County, Maryland.
The average price of homes and condos sold in Montgomery County last month was $518,474, which is up 0.49 percent compared to November 2006.  A total of 587 units sold -- down 35.14 percent compared to the same time last year, and the average days on the market increased by 30.26 percent.
So, we're still looking at a buyers' market in the county overall.  Of course there are significant variations from the average, with sellers' holding the upper hand in some of the close-in micromarkets.
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Real estate is local... - 12/04/07 08:34 AM
It was intriguing to read NAR chief economist Lawrence Yun's recent commentary regarding the state of the U.S. real residential real estate market.
I wanted to quote one of his comments that I think is particularly important for everyone to keep in mind: "REALTORS have to educate their clients that all markets are local and that problems in a few areas aren't meaningful," he said.  "A national picture of the real estate market is about as valuable as giving a national high temperature for the day."
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Ibi Sofillas

Clarksburg, MD

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MyRealtyTeam Real Estate, LLC

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