Presently, there are seven large homes listed for sale in MRIS the Regional Multiple Listing Service (MLS).  Five are new and two are resales that were completed less than two years ago.  The asking price for these homes range from $1,189,000 to $1,499,000. 

Four homes have gone under contract in the last 30 days.  Dividing 7 (Active)/4  (under Contract) we get an Absorption Rate of 1.7 months.

The good news is that the Absorption Rate for Ayrlawn is only 1.7 month.  The Absorption Rate on May 1, 2008, for Bethesda's single family homes is 1.95 months, and 2.96 months for homes priced over one million dollar.

A supply of over 6 months of homes for sale, is considered a Buyer's Market.  A supply of 5-6 months is a Normal Market.  Based on above market with a supply of under two months, Bethesda has a Seller's Market.