Rockville Pricing Trends

z Rockville MDCompared 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:

2009 08 Rockville Price Trends

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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Do you have questions about the Rockville real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Rockville, Maryland. homes-for-sale-in-montgomery-county contact-the-lemieux-team

Posted by Bruce Lemieux

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