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.
__________________________________________________________

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

Leave a Reply