Rockville Market Update

z-rockville-mdFor homes priced under $700,000, it’s a hot seller’s market in Rockville and North Bethesda.  60% of the sales are single family home with 20% condos and 20% townhomes.  Most of the action here is for single family homes priced under $400,000 making up almost 40% of all sales.  The stats are a little skewed for homes priced over $1 million since there’s little activity in Rockville in this market segment.  30 homes priced $1M or more are currently available.  15 homes in this price range have gone under contract over the last six months indicating about a years’ worth of inventory.

2009-06-market-rockville-md
These stats show inventory in late June 2009 and the number of contracts for the previous six months.
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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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