Year End Real Estate Trend Indicator - Montgomery County, Maryland
When you read about housing data in the national news, the information is frequently somewhat different from the statistics in Montgomery County. A close look at this report will provide a comparison of the 2009 housing statistics with the previous year. The total sold dollar volume was down 4.98% from 2008. The average sold price of $434,440 was down 13.79% and the median sold price of $340,000 was down 13.92%. The total number of units sold was actually up 21.78%. The average days on the market was 91 from 103 the previous year. The average sale price was 91.67% of the average list price. The type of financing used shows that 3,478 of the total 10,371 units purchased used FHA financing.
Metropolitan Regional Information Systems, Inc. Year End Real Estate Trend Indicator - <$100K to >$5M Format
Montgomery County, MD
From: 01/01/2009 to 12/31/2009 Statistics generated on: 02/11/2010
| Residential Unit Sales Number of Bedrooms |
Time on Market | ||||||||
| Price Class | 2 Or Less |
3 |
4 or More |
Condo Coop |
Ground Rent |
of Units Sold (No. of Units) |
|||
| Under $100,000 | 13 | 4 | 1 | 217 | 1 | 1 - 30 Days | 4324 | ||
| $100,000-$149,999 | 54 | 137 | 20 | 314 | 1 | 31-60 Days | 1549 | ||
| $150,000-$199,999 | 81 | 442 | 125 | 412 | 2 | 61 - 90 Days | 1095 | ||
| $200,000-$249,999 | 63 | 515 | 255 | 334 | 2 | 91-120 Days | 773 | ||
| $250,000-$299,999 | 39 | 502 | 370 | 243 | 1 | Over 120 Days | 2630 | ||
| $300,000-$349,999 | 30 | 479 | 445 | 211 | 2 | Total | 10371 | ||
| $350,000-$399,000 | 24 | 293 | 417 | 165 | 0 | Average Days | 91 | ||
| $400,000-$449,999 | 13 | 228 | 398 | 64 | 0 | Type of Financing of Units Sold (No. of Units) |
|||
| $450,000-$499,999 | 15 | 163 | 324 | 37 | 2 | ||||
| $500,000-$599,999 | 17 | 251 | 540 | 59 | 2 | Conventional | 5044 | ||
| $600,000-$699,999 | 10 | 165 | 446 | 17 | 0 | FHA | 3478 | ||
| $700,000-$799,999 | 0 | 76 | 328 | 17 | 0 | VA | 392 | ||
| $800,000-$899,999 | 0 | 45 | 247 | 4 | 2 | Assumption | 104 | ||
| $900,000-$999,999 | 0 | 16 | 138 | 3 | 0 | Cash | 1220 | ||
| $1,000,000-2,499,999 | 1 | 15 | 462 | 23 | 1 | Owner Finance | 11 | ||
| $2,500,000-4,999,999 | 1 | 0 | 19 | 3 | 0 | All Other | 122 | ||
| $5,000,000 & Over | 0 | 0 | 5 | 0 | 0 | Unreported | 0 | ||
| Totals | 361 | 3331 | 4540 | 2123 | 16 | Total | 10371 | ||
| Grand Totals | 10371 |
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2010 - Information deemed reliable, but is not guaranteed.
Please contact us with your questions on the regional housing market. The current market is very active and well priced properties are attracting multiple contracts. Buyers and sellers should understand the impact of short sale and REO listings on the market.
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