MoCoRealEstate

Bethesda Market Update

June 28th, 2009 Categories: Bethesda

The overall real estate market for homes in Bethesda, Chevy Chase and Kensington is healthy in most price ranges.  The entry level market is primarily condominiums.  The overall condo market in Montgomery County is softer than for fee-simple homes (most townhomes and single family homes) which explains the higher inventory for homes priced under $300,000.  Most mortgage providers require a higher down payment and condo fees also reduce affordability for first-time buyers.  The market is blazing for homes priced $500,000 to $700,000 with just over two months’ availabile inventory.  Inventory creeps up with the price.   There’s tons of available homes price over $1.3M with over a years worth of inventory.

These stats show inventory in late June 2009 and the number of contracts for the previous six months.
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Do you have questions about the real estate market in Bethesda, Chevy Chase and Kensington? Call us at 301-527-9079 or send an email for more info about buying, selling and living in this great area in Montgomery County, Maryland.

Posted by Bruce Lemieux

This entry was posted on Sunday, June 28th, 2009 at 10:13 am and is filed under Bethesda. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Montgomery County Maryland Market Update | MoCoRealEstate said at December 3rd, 2011 at 9:22 am

   [...] Bethesda – Homes priced $600,000 to $700,000 [...]

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