montgomery county md real estate: What do September's (09) housing stats for Montgomery County, MD tell us? - 10/24/09 02:36 AM
I thought there would be a big increase in inventory after Labor Day since the supply of houses and condos in Montgomery County has been dropping for more than a year, but that didn't happen.  In fact, there were nine (yes, I said nine) more unsold houses (2276) in September compared to August (2267). There were 27 more condos on the market in September (932) than August (905).  As a reference, there were 4177 unsold single family homes at the end of September 2008 and 1200 condos.
September 2008 is when the public became aware of the problems in the financial … (0 comments)

montgomery county md real estate: Who says there's no loan money? - 08/24/09 10:23 AM
MRIS (Metropolitan Regional Information System), the multiple listing service for the Washington, DC area has issued its statistics for July.  Of the 1130 homes in Montgomery County, MD that settled in July, half (565)of them were financed with conventional loans.  That says a lot about the market.  It means that many people have money to make larger downpayments and are able to qualify in today's tougher mortgage market.
The financing alternative for folks with less money for a downpayment and/or lower credit scores is the FHA loan.  Thirty-two percent (359 buyers) used FHA, which requires as little as 3.5% of the … (0 comments)

montgomery county md real estate: To Sale or to Rent? - Part 1, Montgomery County, MD - 01/24/09 11:04 PM
            A year and a half ago when I noticed that the market was beginning to slow down, I suggested owners might consider renting their properties if they couldn’t afford to sell at the dropping prices.  Since then, I’ve had some experience with the rental market and have heard others’ stories – enough to think that the rental market might also be slow.
            So as the good journalist I used to be, I decided to do some research.  I looked at all the properties that had rented in Montgomery County, MD since January 1, 2008.  4283 properties were rented through … (3 comments)

montgomery county md real estate: October 2008 Housing Stats for Montgomery County, MD & Washington, DC - 11/10/08 12:12 AM
The Greater Capitol Area Association of Realtors has released the October housing statistics for DC and Montgomery County and they tell a tale of two "cities".
Inventory in Montgomery County is way down while it's up in Washington.  Sales in both jurisdictions is down to varying degrees. 
In Montgomery County, sales were highest for both condos and single family houses in May. Inventory was highest in April.
DC is less consistent.  More single family houses are on the market now than at any other time this year.  The previous high point was in April and then inventory dropped until it started … (0 comments)

montgomery county md real estate: Renting instead of selling - 10/17/07 07:27 AM
In this changing market, many sellers who are unable to sell their properties are deciding to rent them if they must make a move and are unable to sell the property. In Montgomery County, MD, the odds are better that a property will rent faster than sell, although there are more rentals coming on the market because of the difficulty in selling in this changing mortgage market.
For instance, today in Montgomery County, there are 367 single family houses currently for rent.  During the last three months, 371 single family homes were rented – so we have a pretty even market … (3 comments)

montgomery county md real estate: September Montgomery County, MD Housing Stats - 10/13/07 12:29 AM
    The Greater Capital Area Association of Realtors (GCAAR) has just released its September housing stats showing that both Montgomery County, MD condo and single family home inventories were slightly up over August, but that contracts continue to decline.  September inventory was at its highest in over a year and contracts were at their lowest.  
     Despite the bad news, average and median prices of both single family homes and condos remain at their highest - $626,091 average and $510,000 median price for single family homes and $326,794 average and $288,000 median for condos. 
    More details and trends are available … (0 comments)

 
Sarah Toppins (Long and Foster)

Sarah Toppins

Silver Spring, MD

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Long and Foster

Address: 4650 East West Highway, Bethesda, MD, 20814

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