Rockville Pricing Trends
August 9th, 2009 Categories: Rockville
Compared to the previous six months last year, sales in the Rockville area are smoking — up over 25%. Affordability is driving the increase in sales. Contracts for homes priced $300,000 or lower is up 170% from last year. Most of these are distress sales — short sales and bank owned properties. Activity for sales in higher price ranges has been generally lower. Here’s the graph:
See the overall Montgomery County market update and the Rockville area’s inventory by price range from June’s market update.
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