Market Updates Category
November 13th, 2013 Categories: Market Updates
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March 25th, 2013 Categories: Market Updates
Just about everything on TV, the radio and web would make you think that home prices are going up for everyone. While that’s true for some homeowners, that’s not the case for many more. This month’s video market update looks at three specific neighborhoods in Montgomery County so that tells a more complete story about what’s going on in our real estate market.
January 28th, 2013 Categories: Market Updates
Some areas were up, some were down, and some just stood still. This month’s market review looks back for the entire year to give you a clear understanding of how exactly what’s going on in our market.
December 20th, 2012 Categories: Market Updates
Contract Activity is Slowing
But that’s normal for this time of year. Compared to this time last year, contract activity was up about 17% — just like last month’s report. By price range, activity for entry level homes continues to be Read the rest of this entry »
November 16th, 2012 Categories: Market Updates
Contract Activity is Still Improving
Sales activity was up every month for the last three months; and is up over 20% compared to last year. Knowing some the current contracts will fall through, I estimate that we’re actually up about 17% — still, this is a robust improvement. By price range, activity for entry level homes continues to be Read the rest of this entry »
October 29th, 2012 Categories: Market Updates
How’s the Market?
This month’s market update includes great fall scenes from the Agricultural History Farm Park in Derwood. Normally see lower month-to-month activity in the fall but September was an exception with a robust increase compared to August. Compared to last year, September was on fire up 37% percent. This helped push the last three months’ activity to a 20% increase compared to 2011.
Taking a look at activity by price range, the biggest advance is in homes priced $300,000 to $500,000. Activity for entry level homes continues to be constrained by very low availability. Activity is flat for our most expensive homes.
The main story for our market continues to be very low inventory. Inventory is a comparison of the number of available homes to contract activity and is the best single metric describing our market. Since the summer, inventory has stayed very low at 2.5 months for all price ranges.
By price range, there’s a scant 1.2 months’ available inventory for entry level homes. Inventory for $1M plus homes continues to trend upwards. Inventory for lower price ranges continues to trend flat to lower.
Call anytime if you are planning to buy or sell, or have questions about the Montgomery County real estate market.
September 26th, 2012 Categories: Market Updates
How’s the Market?
Month-to-month contract activity for the June through August of 2012 compared to last year continues to head downward which is a typical this time of year. Compared to this time last year, the number of contracts is up 15% with a big jump in August. Like we’ve seen over the last couple of reports, very low inventory for entry level homes continues to constrain activity for homes priced $300K and less. The most robust segment of the market is for homes priced $300K to $500K which is up 35%. And like last month’s report, Read the rest of this entry »
August 24th, 2012 Categories: Market Updates
The setting for this month’s report is the 2012 Montgomery County Fair. Month-to-month contract activity continues was down in June and July, but we typically see this trend this time of year. Compared to this time last year, the number of contracts over the last three months is Read the rest of this entry »
July 26th, 2012 Categories: Market Updates
In this month’s market update, contract activity is up compared to this time last year – but the increase is lower than last month’s snapshot (does that make any sense?). The story on inventory is the same – really, really, really low — especially for entry level homes. Take a quick look at the numbers with some great shots around Sugarloaf Mountain in the Ag Reserve.
June 23rd, 2012 Categories: Market Updates
We’re almost half-way through 2012 which make it a good time to take a quick look at some Montgomery County real estate statistics. Want to see others? Just make a comment and let us know what you’re interested in seeing.
Zip Codes with Quickest Sales
More than half of listings under contract in these zip codes went under contract quick – in three weeks or less:
- 20879 – Gaithersburg – 176 Contracts
- 20851 – Rockville – 65 Contracts
- 20817 – Bethesda – 249 Contracts
- 20886 – Montgomery Village – 228 Contracts
Zip Codes with the Most Number of Sales
Contracts in these five zip codes represent 32% of all contracts for Montgomery County: Read the rest of this entry »
June 22nd, 2012 Categories: Market Updates
In this month’s market update, contract activity is up – again – compared to this time last year. Inventory continues to trend down except for upper bracket homes which is flat. Take a quick look at the numbers with some great shots of the Ag Reserve and White’s Ferry.
Since we’re halfway through the year, check out some quick stats showing areas with the quickest sales, most expensive Read the rest of this entry »
May 27th, 2012 Categories: Market Updates
We did this month’s report at the Washingtonian Center in North Potomac. Already a great destination, it will get even better with the development of Crown Farm next door.
Contracts are up and inventory is down. Looking for a nice entry-level home? Good luck.