June 28th, 2009 Categories: Olney
Like many parts of Montgomery County, the market for homes priced under $600,000 is smoking hot in the Olney area. For entry level buyers, townhomes make up most sales below $400,000. Homes priced $300,000 to $700,000 make-up practically all single family home sales. Demand for properties over $700,000 drops off considerably.
These stats show inventory in late June 2009 and the number of contracts for the previous six months.
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