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Selling a Home in Montgomery County, MD - September 2013 Real Estate

By
Real Estate Agent with Keller Williams

For September 2013, there were a total of 871 homes sold in Montgomery County, MD. This is a 17% increase from September of 2012 but a 21% decrease from the previous month. The total value of those homes was $407,688,711, a 19% increase from the year prior but a 29% decrease from August.

The median value of a home sold in this county was $379,000, a 2.5% increase from 2012 but a 9% decrease from August. On the other hand, the average value of a home sold was $468,070, a 1.5% increase from the previous year but a 9.5% decrease from August. When sold on the open market, a home fetched 97.18% of the original asking price. So if a house was listed for $400,000, the seller would end up receiving about $388,720.

By the end of the month, there were 2,479 active listings in Montgomery County, which is about a 5% increase from the previous year. Of those listings, 1,474 of them were new, a 34% increase from 2012. Given that there were 1,108 homes sold in August, the 2,479 active listings comprises just over a 2 month supply of homes, meaning that the housing market is very healthy at the moment. Furthermore, when listed on the open market, a house took about 44 days to sell, which is down 36.23% from 2012. Waiting over a month to sell your home might not be a viable option, though. If you sell to a company that buys houses, Express Homebuyers pledges to buy your house fast – in as little as 7 days! If you want to sell your home fast in VA, MD, or DC, then contact Express Homebuyers today!

Posted by

Brad Chandler

Co-Founder & CEO, Express Homebuyers

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