For the first quarter, 2007, the average priced home in Montgomery County (for all home types) was $524,710. This represents a 3% increase over the first quarter of 2006. The median priced home was $431,583, down 1% from the median price of $437,000 for the comparable quarter for 2006. The average days on market for all homes sold in the first quarter for 2007 was 94 days, up 55% from an average of 53 days for the first quarter 2006. The Average Sales Price as a percentage of the Average List Price reported in at 94.48% for the first three months of 2007. While this is down from an average of 96.73% for the same period last year we have seen a steady increase in the first three months of the current year – up almost 2% from January. Read More...
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