A few days ago, I reported that the number of homes sold during September in Clarksburg, MD increased over last September.
In looking at the bigger picture of Montgomery County, we see the same trend.
A total of 768 homes sold in September 2008, a 31.73 percent increase over September 2007. The total sold volume was $351,771,293 -- a 17.98 percent increase over last year.
The median selling price was down, indicating that more homes are selling in the lower price ranges than last year, and the days on the market average shows that homes are lingering for sale longer than last year by 23.17 percent.
So there are more buyers than last September, but they are taking their time in making a decision.
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