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MONTGOMERY COUNTY MD HOME BUYING TREND FOR 2009 - 2010.

By Lenn Harley

Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

July 26, 2010 11:15 AM

MONTGOMERY COUNTY MD HOME BUYING TREND FOR 2009 - 2010.

There is a trend in the real estate market for Montgomery County, Maryland that demonstrates a stability and a welcomed price increase. Most important, the trend shows a significant increase in SOLD volume.

The table below reflects the SOLD activity for the 2nd quarter of 2009 and 2010.

The activity below describes Single Family Homes with 4 Bedrooms, 2.5 Baths, 2 Car Garage and Lot size of between 7,500 square feet to 25,000 square feet, square feet living space 2500-3500 square feet and all constructed 1990 or later. This is the most popular home description requested by home buyers working with Homefinders.com.

				Average
State	County	Year	Months	SOLD Price	Number

Maryland	Montgomery	2009	Apr. 1 thru June 30	$653,943	36
Maryland	Montgomery	2010	Apr. 1 thru June 30	$687,790	51

The average SOLD price reflects an increase and the number of home SOLD also shows an increase.

What is the cause of this market improvement?? Could it be the continued improvement in interest rates? Interest rates in the 2nd quarter of 2009 and 2010 are about 1/2% to 1% lower than 2008. The lower the interest rate, the higher the qualified price range.

The home below represent the homes sold above.

Homes in Montgomery County MD

Typical home in the price range about $700,000 in Montgomery County, MD.

To tour homes in your price range and in your area of choice in Montgomery County, MD, contact Lenn Harley, Broker, Homefinders.com, 800-711-7988. To see homes for sale online, visit the Homefinders.com SEARCH LISTINGS page where you can select homes to tour.

Montgomery County Real Estate

http://www.homefinders.com
http://www.besthomesnetwork.com
http://www.homes-montgomery-county-maryland.com
http://www.gaithersburg-real-estate.com
http://www.homes-bethesda-maryland.com
http://www.homes-germantown-maryland.com
http://www.homes-silver-spring-maryland.com
http://www.potomac-real-estate.com
http://www.therealestateagency.com
http://www.real-estate-olney.com
http://www.homes-mont-county-md.com
http://www.montgomery-county-maryland-homes.com

FREE One Year Home Warranty for all resale home buyers.

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

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Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Lenn

the Montgomery County Maryland is going in the right direction.

Good luck and success.

Jul 26, 2010 11:23 AM

Lenn Harley

Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA

Real Estate Broker - Virginia & Maryland

Lou. Indeed. I got similar info for Fairfax County in VA. I'll do that one tomorrow.

Jul 26, 2010 11:32 AM

Olympus Executive Realty Inc.

Olympus Executive Realty INC. - Orlando, FL

Home Of The Top Producers

Thank you for the update in your area

Wishing you the best on future sales!

Jul 26, 2010 11:35 AM

Thanks Vick.

Jul 26, 2010 11:41 AM

Endre Barath, Jr.

Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA

Realtor - Los Angeles Home Sales 310.486.1002

Lenn, I agree the SOLD is the true tell all. Glad to hear things are picking up in your area.

Jul 26, 2010 02:53 PM

Kay Van Kampen

RE/MAX Broker, RE/MAX - Springfield, MO

Realtor®, Springfield Mo Real Estate

Great information on your area Lenn. Our market rarely has homes that sell in that price range......makes me want to sell in Maryland and Virginia.

Jul 26, 2010 03:53 PM

William Johnson

Retired - La Jolla, CA

Retired

Hi Lenn, I surely do hope that Buyers will get them while the rates are HOT. In the long run, these lower rates could go a long way in eventually stabilizing many of the markets around the US. If only it could last long enough for generations of Buyers to take advantage. One day at a time and keep your fingers crossed that Buyer's continue to move on the rates while they can.

Jul 26, 2010 08:07 PM

William. The sales we have are a mere drop in the bucket of what's needed for a stable real estate market. A mere drop in a large bucket.

Kay. Careful. You may not like this market if you knew it well. The prices are not appealing to many. Home buyers in this area buy on the edge of what they're qualified to buy. It's a rough market and not for the novice.

Endra. So far have we come. . . so far have we yet to go.

Jul 26, 2010 11:28 PM

MONTGOMERY COUNTY MD HOME BUYING TREND FOR 2009 - 2010.

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