MoCoRealEstate
Germantown Market Update
June 28th, 2009 Categories: Germantown
Germantown 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.

These stats show inventory in late June 2009 and the number of contracts for the previous six months.
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