Germantown Market Update

z-germantown-mdGermantown is great place for first-time home buyers in Montgomery County.  Townhome sales over the last six months make up 63% of all sales.  Townhomes priced $300,000 or less make up 50% of sales of all property types in all price ranges.  Bank-owned and pre-foreclosures are driving this segment of the market.

Practically all sales for single family homes in Germantown and Boyds occur for homes priced $200,000 to $700,000.  Demand for homes over $700,000 drops off a cliff.

2009-06-market-germantown-md

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 Germantown and Boyds real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Germantown, Maryland. homes-for-sale-in-montgomery-county contact-the-lemieux-team

Posted by Bruce Lemieux

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The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.

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