Market Report for Montgomery County MD October 2022

By
Real Estate Agent with Keller Williams Capital Properties DC AB15253

It’s safe to say we’ve never encountered a housing market nearly as unpredictable as the one we’re in right now. After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now desperately trying to read the tea leaves to figure out where real estate prices, inventories, sales, and mortgage rates are going in the coming year.   We can't effectively predict what the market will be in December 2022 or into the new year, 2023, but we can tell you what the market was in October 2022. 

Comments (11)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lise, great market update for Montgomery County, and much like many areas of the Country.

Dec 01, 2022 06:20 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Great report, Lise... I like how you did the 5 year comparison... really puts things into perspective.

Dec 01, 2022 06:23 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Lise - that is an informative update on the market in Montgomery County.  Similar to Westchester and Fairfield.

Dec 01, 2022 06:42 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Lise,

Wonderful easy to read and understand Montgomery County market report. The 5 year comparision really tells the story.

Dec 01, 2022 06:59 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Lise, for sharing this report.

Have a productive December.

Dec 01, 2022 07:15 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and have a wonderful day!

Dec 01, 2022 07:17 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Lise I like your blog that you share with us today in the Rain.  Make it a great day!

 

Dec 01, 2022 07:19 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Lise:

You are so right - it's hard to get a clear picture of the market without data presented by Realtors like yourself who are looking at the market daily and know what's going on, and what the market conditions mean for buyers and sellers. Your graphics were helpful and easy to follow.

Jeff

Dec 01, 2022 09:21 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I like that infographic and it certainly does a great job of telling the story of the market in October!

Dec 02, 2022 05:17 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Lise Howe - I agree with what you wrote in that first line. We are going through a housing storm and nobody knows which way the winds will blow. Those of us who weathered previous storms should be able to handle anything. New agents who had it easy during the Seller's Market may be in for big surprises. 

Dec 03, 2022 03:21 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Hire an experienced agent like Lise How for all your residential real estate needs! Well done report.

Dec 05, 2022 06:07 PM