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Montgomery County Market Statistics – July 2009

Metropolitan Regional Information Systems, Inc.  Real Estate Trend Indicator – <$30K to >$500K Format

Montgomery County, MD
From: 07/01/2009 to 07/31/2009                Statistics generated on: 08/06/2009

  Residential
Unit Sales
Number of Bedrooms
Active Listings   Time on Market
Price Class 2
Or Less  
3 4
  or More  
Condo
Coop and
Ground Rent
Residential
  
Condo
Coop and
Ground Rent
of Units Sold
(No. of Units)
Under $30,000 0 0 0 1 0 4 1 -30 Days 496
$30,000-$39,000 0 0 0 1 0 0 31-60 Days 167
$40,000-$49,999 0 0 0 1 0 9 61 – 90 Days 123
$50,000-$59,999 0 0 0 3 0 8 91-120 Days 72
$60,000-$69,999 0 0 0 3 0 13 Over 120 Days 272
$70,000-$79,999 0 0 0 6 0 22 Total 1130
$80,000-$89,999 1 0 0 4 2 28    
$90,000-$99,999 2 1 0 7 8 34 Type of Financing
of Units Sold
(No. of Units)
$100,000-$119,999 2 2 2 10 18 73
$120,000-$139,999 1 9 0 4 54 96 Conventional 565
$140,000-$159,999 4 19 0 16 58 101 FHA 359
$160,000-$179,999 2 8 2 13 96 109 VA 36
$180,000-$199,999 2 18 13 18 121 102 Assumption 43
$200,000-$249,999 5 64 28 23 292 206 Cash 116
$250,000-$299,999 4 48 30 21 374 158 Owner Finance 0
$300,000-$399,999 3 86 96 38 601 172 All Other 11
$400,000-$499,999 3 43 91 11 437 60 Unreported 0
Over $500,000 4 64 278 15 1507 92 Total 1130
Totals 33 362 540 195 3568 1287    
Grand Totals 1130 4855
    2009   2008   % Change
Total Sold Dollar Volume: $ 518,961,309 $ 460,552,815 12.68 %
Average Sold Price: $ 459,258 $ 531,203 - 13.54 %
Median Sold Price: $ 375,000 $ 408,000 - 8.09 %
Total Units Sold: 1,130 867 30.33 %
Average Days on Market: 93 92 1.09 %
Average List Price for Solds: $ 496,775 $ 579,936 - 14.34 %
Avg Sale Price as a percentage of Avg List Price: 92.45 % 91.60 %
Total Number of NEW listings
taken for the month: 1361
Total Number of Properties   
marked Contract for the month: 621
Total Number of Properties   
marked Contingent for the month: 681
Total Number of NEW pendings        
(CONTRACTS + CONTINGENTS): 1302

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009 – Information deemed reliable, but is not guaranteed.

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