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Area Real Estate News & Market Updates for Montgomery Village 20086

By
Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

Area Real Estate News & Market Updates for Montgomery Village  Montgomery County Maryland 20886

 

 
 The market report for Montgomery Village MD for August 2012 has good news and bad
Lets take a quick look at the report for Montgomery County Maryland in general
The bad news first: In May there was only 69000 jobs added for the whole United States.
The good news is that the private sector generated 1.8 million jobs between May 2011 to May 2012
Our local economy is tops when it comes to job creations and economic conditions. .that is the good news!
Unemployment rate is 5.6% in Maryland compared to the rest of the country
The laws of SUPPLY AND DEMAND are forecasting what the end of the year and the start of 2013 would look like, ,
PRICES ARE CERTAIN TO GO UP BECAUSE OF LOW INVENTORY AND A GROWING POOL OF BUYERS. AS THEY FIND THEMSELVES  UNABLE TO BUY & COMPETE WITH OTHERS FOR THE VERY FEW LISTINGS OUT THERE.
 
CHECK MONTGOMERY COUNTY OVER ALL NUMBERS
Activity in the Real Estate market is high . .but inventories  are at record lows
Easy to figure this out. .
A lot of people want to sell but, their equities are still too low to motivate them.
Most of the inventory is coming from the MUST SELL homeowners to short sales and a few foreclosures out there.
If you are a buyer, my advice is to act quickly and be prepared before going out there.
 
 
General Inventory and Statistics For Montgomery County Real Estate 
 
Notice the number of listings for August 2012
2345 Active Listings available
This is the lowest number recorded in the last 7 years
We have buyers. . but the listings are simply not there!
Prices are rising because of this.
The average Days on Market has dropped over 17% from last year, indicating the trend mentioned above. Listing priced well, are selling very quick!
 
 
Check a general overview of the local market in the video below:
 
 
 

Check Market Updates For Other Nearby Cities:

 

Clarksburg - Damascus - Germantown  - Olney -Montgomery Village - Gaithersburg Rockville - Potomac Bethesda - North Potomac - Poolesville - Kensington - Silver Spring

Check a Sample of Montgomery Village  MD Latest Listings 


 

10226 WILD APPLE CIRCLE, Montgomery Village MD 20886

$249,000

10226 WILD APPLE CIRCLE, Montgomery Village

Carefree living! Beautifully appointed, updated townhome w/ oversized garage. Bright, open floor plan w/ soaring ceilings, gleaming hardwoods & sunny kitchen. Gas fire...

  • Beds 3
  • Baths 3.0
  • MLS MC7927716

 

9505 DUFFER WAY, Montgomery Village MD 20886

$319,999

9505 DUFFER WAY, Montgomery Village

Spacious,sunny 4 bedrm, 2 FB,2HB garage Townhome backs to greenspace/trees. Update kitchen with SS appliances,granite counter,new carpet,interior paint. Huge Masterbedrm,...

  • Beds 3
  • Baths 4.0
  • MLS MC7927195

 

20103 LOADING ROCK PLACE, Montgomery Village MD 20886

$360,000

20103 LOADING ROCK PLACE, Montgomery Village

MOVE-IN CONDITION REGULAR SALE! Spacious detached home at a town home price. Wood floors, high ceilings & loads of natural light make this home irresistible. Updated, op...

  • Beds 4
  • Baths 4.0
  • MLS MC7926802

 

18724 WALKERS CHOICE ROAD Unit #2, Montgomery Village MD 20886

$95,000

18724 WALKERS CHOICE ROAD Unit #2, Montgomery Village

Approved Short Sale with Chase...just need a contract to complete process for quick closing. Condo fee includes all utilities. Great Condo with extraordinary view of hig...

  • Beds 3
  • Baths 2.0
  • MLS MC7925150
  • Bldg. Normandie Lk 11
 
Report by: www.ReallyNiceHomes.com  MD, DC and VA

 

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