Montgomery County Inventory for January

Housing inventory starts the year nearly 8% lower than mid-December’s level.  If we see normal patterns of inventory, we’ll bottom-out in February and then see a tsunami of new homes starting in March.  This month, distress sales (short sales and bank-owned properties) make up about 34% of the total.  The total number of distressed listings are down compared to December, but it’s a greater percentage of the whole.

2011 01 Montgomery County Maryland Inventory January 2011

For buyers this can be a great time to make a great deal on a home that’s been on the market a while.  Can’t find a home that suits your needs?  Just wait – more homes are coming.  For sellers, now’s the time to get ready for the spring market.  Contact us to get ready.

Posted by Bruce Lemieux

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