UPPER MONTGOMERY COUNTY MD HOME PRICES DOWN

By
Real Estate Agent with Realty Group Referrals 16766

UPPER MONTGOMERY COUNTY MD HOME PRICES DOWN

This chart shows the median prices on homes sold in Upper Montgomery County Maryland from March 2008 through March of this year. The overall trend has been down and March median prices are 20% below the prices last year. The good news is that median prices during March were up from January and February. The agents in our office at RE/MAX Realty Group are experiencing a significant increase home purchase activity. Much of the activity relates to short sales listings of financially distressed home owners and major activity in the inventory of lender owned homes. Individual homes owners that are not compelled to sell are waiting for a stronger market before listing their homes for sale. It is difficult for individual owners to compete with the price discounts on the lender owned homes (REO).

Please contact us with your questions on the residential real estate market in the Maryland suburbs of Washington DC. We represent buyer clients as their exclusive agents. roykelley@mris.com

Posted by

Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Maryland Montgomery County Gaithersburg
Tags:
maryland
foreclosures
reo
remax realty group
gaithersburg
roy kelley
upper montgomery county md home prices down

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
5,347,607

Roy Kelley

Ask me a question
*
*
*
*
Spam prevention