Montgomery County MD Trends - Listings vs Sales Analysis
The story seems to be same: inventory is up and sales are down! This is a good visual that shows just how wide the margin is. I am trying to get the historical data for listings in Montgomery County out of our MLS system so I can show the difference between the seller's market years and today. You can already see the convergence at the 2005 end where there was far less disparity between what was available vs what was selling. The numbers this chart represents are:
2007 Listings = 64,744
2006 Listings = 52,605
Up 23%
2007 Sales = 9924
2006 Sales - 12,233
Down 19%
The listings are distributed in Montgomery County according to the following chart:
Zip Code
City
# of Active
Average List Price
20906
Silver Spring
490
$325,824
20874
Germantown
404
$376,319
20886
Gaithersburg
267
$297,537
20878
Gaithersburg
251
$487,139
20904
Silver Spring
206
$464,683
20902
Silver Spring
205
$411,215
20877
Gaithersburg
197
$358,211
20854
Potomac
190
$1,784,008
20879
Gaithersburg
185
$386,263
20876
Germantown
184
$399,671
20850
Rockville
176
$569,656
20852
Rockville
154
$471,932
20901
Silver Spring
146
$443,012
20817
Bethesda
136
$1,329,584
20853
Rockville
129
$472,834
20814
Bethesda
108
$945,816
20871
Clarksburg
108
$591,497
20905
Silver Spring
94
$650,762
20912
Takoma Park
92
$395,672
20866
Burtonsville
91
$388,922
20815
Chevy Chase
89
$1,145,925
20832
Olney
85
$492,288
20910
Silver Spring
85
$480,468
20882
Gaithersburg
82
$733,681
20895
Kensington
82
$646,279
20872
Damascus
75
$536,185
20851
Rockville
61
$405,324
20903
Silver Spring
59
$423,966
20855
Derwood
49
$603,190
20816
Bethesda
41
$1,447,434
20841
Boyds
37
$703,716
20833
Brookville
33
$896,067
20837
Poolesville
33
$891,327
20861
Ashton
14
$935,053
20868
Spencerville
10
$831,935
20860
Sandy Spring
8
$1,044,463
20818
Cabin John
6
$1,153,250
20842
Dickerson
6
$1,253,950
20896
Garrett Park
4
$1,029,100
20707
Laurel
3
$689,900
20838
Barnesville
3
$1,133,367
20862
Brinklow
2
$999,995
20880
Washington Grove
2
$586,250
21771
Mt. Airy
2
$627,000
20783
Adelphi
1
$499,900
20839
Beallsville
1
$700,100
(1/15/08) Information Source: MRIS - Information is deemed reliable but not guaranteed.
Josette Skilling Long & Foster Real Estate, Inc. 4733 Bethesda Avenue Bethesda, MD 20814 301-385-9213 (cell) 240-497-1700 (office)
Disclaimer: The opinions expressed by The Activerain Network and its members and those providing comments are theirs alone, and do not reflect the opinions of Josette Skilling or Long & Foster Real Estate, Inc. Josette Skilling and Long & Foster Real Estate, Inc. are not responsible for the accuracy nor the content provided by the community.
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