Volume up, sale price down. Average sold price down 13.54% from last year. Inventory is down a bit, but the effect could be mostly explained by seasonality.

Here’s the raw data from Montgomery County for June 2009. Sales are up 20.9% in volume, but prices remain soft, with an average sold price of 15.85% less than this time last year. New listings totaled 1,442 for the county as a whole, while 1,325 homes went under contract. There was a total of 5,172 active listings, with 1,099 sold in June, for an absorption rate of 21.2% of inventory absorbed in the month. For more insight, feel free to contact us!

Metropolitan Regional Information Systems, Inc.  Real Estate Trend Indicator – <$30K to >$500K Format Montgomery County, MD From: 05/01/2009 to 05/31/2009                Statistics generated on: 06/08/2009   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 [...]

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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