March 19th, 2010 Categories: Market Updates
As the snow has melted, our real estate market is starting to bloom. I’ve planned to report detailed stats for Montgomery County, but we’ve been so busy with buyers and sellers that I haven’t found the time. Showing activity has definitely picked-up and we’re seeing multiple contracts for our buyers and sellers. Inventory is still low, but that’s improving as well. Here’s a snapshot from mid-March:
This is the first time in we’ve seen inventory go up over the last 14 months. The number of distressed properties has remained about the same, but is now a smaller percentage of the total inventory.
I’m excited about analyzing the actual sales activity over the last few months. From our experience, activity is definitely ‘up’. It will be interesting to see how all areas and price ranges are doing. Contact us if you have any specific questions about your areas of interest.