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Montgomery County Real Estate Trends, April 2009

Tom Yeatts — Wed, 13 May 2009 03:44:05 +0000

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 Unit Sales Number of Bedrooms					Active Listings			Time on Market
Price Class	2 Or Less	3	4 or More	Condo Coop	Ground Rent	Residential	Condo Coop	Ground Rent	of Units Sold (No. of Units)
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 of Units Sold (No. of Units)
$450,000 – 499,999	1	7	18	1	0	264	29	0	Type of Financing of Units Sold (No. of Units)
$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

	2009	2008	% Change
Total Sold Dollar Volume:	$ 301,736,820	$ 384,640,051	- 21.55 %
Average Sold Price:	$ 426,182	$ 543,277	- 21.55 %
Median Sold Price:	$ 337,975	$ 419,500	- 19.43 %
Total Units Sold:	708	708	0.00 %
Average Days on Market:	106	112	- 5.36 %
Average List Price for Solds:	$ 469,624	$ 590,871	- 20.52 %
Avg Sale Price as a percentage of Avg List Price:	90.75 %	91.95 %

Total Number of NEW listings

taken for the month:	1617
Total Number of Properties

marked Contract for the month:	591
Total Number of Properties
marked Contingent for the month:	744
Total Number of NEW pendings
(CONTRACTS + CONTINGENTS):	1335

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!

Tom Yeatts — Wed, 13 May 2009 03:41:04 +0000

Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator – <$100K to >$5M Format

Howard County, MD
From: 04/01/2009 to 04/30/2009 Statistics generated on: 05/06/2009

	Residential Unit Sales Number of Bedrooms					Active Listings			Time on Market
Price Class	2 Or Less	3	4 or More	Condo Coop	Ground Rent	Residential	Condo Coop	Ground Rent	of Units Sold (No. of Units)
Under $100,000	0	0	0	0	0	2	2	5	1 -30 Days	52
$100,000 – 149,999	0	0	0	2	0	4	28	0	31-60 Days	38
$150,000 – 199,999	1	2	0	11	0	25	59	0	61 – 90 Days	15
$200,000 – 249,999	0	13	1	14	1	69	66	1	91-120 Days	21
$250,000 – 299,999	1	21	6	2	0	156	59	2	Over 120 Days	79
$300,000 – 349,999	0	16	9	3	0	138	32	1	Total	205
$350,000 – 399,999	0	9	8	4	0	128	35	0
$400,000 – 449,999	0	3	16	0	0	100	12	0	Type of Financing of Units Sold (No. of Units)
$450,000 – 499,999	0	2	9	0	0	99	14	0	Type of Financing of Units Sold (No. of Units)
$500,000 – 599,999	0	3	26	0	0	204	15	0	Conventional	95
$600,000 – 699,999	0	0	15	0	0	159	1	0	FHA	70
$700,000 – 799,999	0	0	2	0	0	88	2	0	VA	24
$800,000 – 899,999	0	0	2	0	0	60	0	0	Assumption	8
$900,000 – 999,999	0	0	0	0	0	62	0	0	Cash	8
$1,000,000 – 2,499,999	0	0	3	0	0	129	0	0	Owner Finance	0
$2,500,000 – 4,999,999	0	0	0	0	0	3	0	0	All Other	0
$5,000,000 & Over	0	0	0	0	0	2	0	0	Unreported	0
Totals	2	69	97	36	1	1428	325	9	Total	205
Grand Totals	205					1762

	2009	2008	% Change
Total Sold Dollar Volume:	$ 80,118,225	$ 100,479,182	- 20.26 %
Average Sold Price:	$ 390,821	$ 427,571	- 8.60 %
Median Sold Price:	$ 349,900	$ 375,000	- 6.69 %
Total Units Sold:	205	235	- 12.77 %
Average Days on Market:	113	110	2.73 %
Average List Price for Solds:	$ 433,323	$ 457,937	- 5.37 %
Avg Sale Price as a percentage of Avg List Price:	90.19 %	93.37 %

Total Number of NEW listings

taken for the month:	520
Total Number of Properties

marked Contract for the month:	200
Total Number of Properties
marked Contingent for the month:	118
Total Number of NEW pendings
(CONTRACTS + CONTINGENTS):	318

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

What does this really mean? Call us today at 301.785.5889 for a no-hassle explanation!