Olney Market Update

z-olney-mdLike 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.

2009-06-market-olney-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 real estate market in and around Olney? Call us at 301-527-9079 or send an email for more info about buying, selling and living in this great part of Montgomery County, Maryland. homes-for-sale-in-montgomery-county contact-the-lemieux-team

Posted by Bruce Lemieux

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