Montgomery County Real Estate Trends, April 2009
Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator – <$100K to >$5M Format
Montgomery County, MD
From: 04/01/2009 to 04/30/2009 Statistics generated on: 05/06/2009
|
Residential |
Active Listings |
|
Time on Market |
||||||||
|
Price Class |
2 |
|
4 |
Condo |
Ground |
Residential |
Condo |
Ground |
of Units Sold |
||
|
Under $100,000 |
2 |
0 |
0 |
7 |
0 |
9 |
112 |
0 |
1 -30 Days |
267 |
|
|
$100,000 – 149,999 |
2 |
10 |
2 |
20 |
0 |
109 |
200 |
0 |
31-60 Days |
96 |
|
|
$150,000 – 199,999 |
4 |
38 |
8 |
34 |
0 |
287 |
293 |
0 |
61 – 90 Days |
53 |
|
|
$200,000 – 249,999 |
4 |
49 |
19 |
22 |
1 |
361 |
212 |
0 |
91-120 Days |
50 |
|
|
$250,000 – 299,999 |
2 |
25 |
22 |
16 |
1 |
444 |
148 |
1 |
Over 120 Days |
242 |
|
|
$300,000 – 349,999 |
1 |
31 |
36 |
15 |
1 |
343 |
103 |
0 |
Total |
708 |
|
|
$350,000 – 399,999 |
1 |
19 |
25 |
10 |
0 |
379 |
68 |
1 |
|||
|
$400,000 – 449,999 |
0 |
10 |
29 |
1 |
0 |
251 |
34 |
0 |
Type of Financing |
||
|
$450,000 – 499,999 |
1 |
7 |
18 |
1 |
0 |
264 |
29 |
0 |
|||
|
$500,000 – 599,999 |
2 |
25 |
38 |
3 |
0 |
401 |
43 |
0 |
Conventional |
331 |
|
|
$600,000 – 699,999 |
0 |
16 |
36 |
2 |
0 |
269 |
10 |
0 |
FHA |
224 |
|
|
$700,000 – 799,999 |
0 |
7 |
27 |
1 |
0 |
196 |
12 |
0 |
VA |
25 |
|
|
$800,000 – 899,999 |
0 |
2 |
17 |
0 |
0 |
169 |
10 |
0 |
Assumption |
32 |
|
|
$900,000 – 999,999 |
0 |
1 |
6 |
0 |
0 |
109 |
4 |
0 |
Cash |
85 |
|
|
$1,000,000 – 2,499,999 |
0 |
0 |
28 |
0 |
1 |
530 |
29 |
0 |
Owner Finance |
0 |
|
|
$2,500,000 – 4,999,999 |
0 |
0 |
1 |
1 |
0 |
78 |
2 |
0 |
All Other |
11 |
|
|
$5,000,000 & Over |
0 |
0 |
0 |
0 |
0 |
17 |
1 |
0 |
Unreported |
0 |
|
|
Totals |
19 |
240 |
312 |
133 |
4 |
4216 |
1310 |
2 |
Total |
708 |
|
|
Grand Totals |
708 |
5528 |
|||||||||
|
|
Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009 – Information deemed reliable, but is not guaranteed.
What does it all mean? Call us today at 301.785.5889 for a no-hassle explanation!
Interesting that even with the seasonality of more inventory coming to the market, the contracts and contingent offers nearly absorbed the new inventory, 1,617 new listings to 1,335 contract/contingent. Other counties didn’t fare so well at absorption.
Average list price is WAAAY down from last year, 20.52%. OUCH! And sellers take note…the average sale price is 9.25% off the asking price. It’s not just your house that’s getting lower offers. The pain is being felt by all.
This is why you need a top notch agent taking care of you. KITTLEMAN REALTY GROUP!!!!