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Residential Home Resale statistics for Montgomery County- December 2009

By Ellie McIntire

Real Estate Agent with Ellicott City Clarksville Howard County Maryland Real Estate 535650

January 11, 2010 03:55 AM

Real Estate Trend Indicator

Montgomery County, MD

Montgomery County Seal

Activity in Montgomery County for December 2009 dwindled greatly as compared to the previous month, November 2009. The average number of units sold went from 923 to 756, a drastic decrease. The number of active listings declined slightly as well.

From: 12/01/2009 to 12/31/2009

	Residential Unit Sales Number of Bedrooms	Active Listings		Time on Market
Price Class	2 Or Less	3	4 or More	Condo Coop and Ground Rent	Residential	Condo Coop and Ground Rent	of Units Sold (No. of Units)
Under $30,000	0	0	0	0	0	1	1 -30 Days	363
$30,000-$39,000	0	0	0	0	0	0	31-60 Days	126
$40,000-$49,999	0	0	0	1	1	8	61 - 90 Days	73
$50,000-$59,999	0	0	0	2	0	4	91-120 Days	48
$60,000-$69,999	0	0	0	2	2	10	Over 120 Days	146
$70,000-$79,999	0	0	0	3	1	28	Total	756
$80,000-$89,999	0	1	0	3	0	33
$90,000-$99,999	1	0	1	6	4	32	Type of Financing of Units Sold (No. of Units)
$100,000-$119,999	2	3	1	6	15	69
$120,000-$139,999	3	5	1	15	45	74	Conventional	340
$140,000-$159,999	2	9	1	17	76	89	FHA	239
$160,000-$179,999	0	10	2	14	88	85	VA	35
$180,000-$199,999	1	15	5	15	100	87	Assumption	26
$200,000-$249,999	6	42	24	25	267	139	Cash	106
$250,000-$299,999	3	36	25	13	310	128	Owner Finance	2
$300,000-$399,999	4	41	57	17	514	146	All Other	8
$400,000-$499,999	0	28	55	11	296	45	Unreported	0
Over $500,000	2	42	163	15	915	76	Total	756
Totals	24	232	335	165	2634	1054
Grand Totals	756	3688

	2009	2008	% Change
Total Sold Dollar Volume:	$ 341,035,809	$ 277,819,892	22.75 %
Average Sold Price:	$ 451,106	$ 431,397	4.57 %
Median Sold Price:	$ 335,000	$ 341,750	- 1.98 %
Total Units Sold:	756	644	17.39 %
Average Days on Market:	72	108	- 33.33 %
Average List Price for Solds:	$ 486,488	$ 485,521	0.20 %
Avg Sale Price as a percentage of Avg List Price:	92.73 %	88.85 %

Total Number of NEW listings

taken for the month:	781
Total Number of Properties

marked Contract for the month:	349
Total Number of Properties

marked Contingent for the month:	357
Total Number of NEW pendings

(CONTRACTS + CONTINGENTS):	706

If your interested in relocating and finding a home in Montgomery County, Maryland, please Contact The Mcintire Team of Long & Foster Real Estate.

Ellie McIntire

The McIntire Team

410-480-3398

410-750-8781(FX)

443-418-7668(cell)

E-mail: Ellie@LNF.com

http://www.EllieMcIntire.com

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