What is Your Bethesda Home Worth?

Real Estate Agent with Hollish Hill Group, JPAR Stellar Living

Waiting for Spring Market?

As we close out 2018 and get ready to usher in 2019, it's a good time to take a look at the Bethesda Detached Home Median Sales Price Nov 2018market and see how detached homes are selling in the winter months. The weather hasn't felt like winter weather, but the schools are still one of the big draws to the area and we generally see sales slow a bit while kids are in school. 


In 20817, the median sold price for Detached properties for November was $1,062,500, representing an increase of 17.4% compared to last month and an increase of 6% from Nov 2017. The average days on market for units sold in November was 123 days, 10% above the 5-year November average of 112 days. There was a 56.5% month over month decrease in new contract activity with 20 New Pendings; a 33.3% MoM decrease in All Pendings (new contracts + contracts carried over from October) to 34; and a 9.8% decrease in supply to 111 active units.

November 2018 Market Report for Detached Homes

This activity resulted in a Contract Ratio of 0.31 pendings per active listing, down from 0.41 in October and a decrease from 0.33 in November 2017. The Contract Ratio is 17% lower than the 5-year November average of 0.37. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.November 2018 Market Report - Bethesda Detached Homes


Curious what your home might be worth?  Get a free home value analysis from Dana at the Hollish Hill Group.

Thinking about selling your Bethesda home? 

The Hollish Hill Group has a marketing plan that works. Learn how we could put our marketing plan to work for you. 

It's Your Move. Give Us a Call to Get Started.


Posted by


Dana Hollish Hill
REALTOR * Broker * Coach 
JPAR Stellar Living
800 S Frederick Ave, Suite 200, Gaithersburg, MD 20877
office 301.944.9070  
cell  202.271.5301
web danahill.jpar.com

Comments (2)

Andy Brown-Climer School of Real Estate
The Climer School of Real Estate - Orlando, FL
The Best Real Estate School in Florida

Dana, good posting, keep up with consistent blogging, make sure you have your keywords in your blog. Google loves the right keywords and google loves good original content.

Dec 22, 2018 11:16 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Dana Hollish Hill,  People are always interested what their home is worth, who know they may want to sell.


Apr 18, 2021 09:14 AM
Dana Hollish Hill

Let's hope so. We could certainly use the inventory.

Apr 18, 2021 07:10 PM