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| APRIL 2025 | |||
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| Units Sold 874 |
Active Inventory 1,692 |
Median Sale Price $670,000 |
Days On Market 21 |
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| Down -2% Vs. Year Ago |
Up 26% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 31% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 874 sold this month in Montgomery County Real Estate versus 679 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 2% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 348 units or 26%. The total number of active inventory this April was 1,692 compared to 1,344 in April 2024. This month's total of 1,692 is lower than the previous month's total supply of available inventory of 1,751, a decrease of 3%. |
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Median Sale Price
Last April, the median sale price for Montgomery County Homes was $650,000. This April, the median sale price was $670,000, an increase of 3% or $20,000 compared to last year. The current median sold price is 10% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 1,182 |
Current Contracts 983 |
Sold Vs. List Price 100.8% |
Months of Supply 1.9 |
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| Down -11% Vs. Year Ago |
Down -10% Vs. Year Ago |
Down -2.5% Vs. Year Ago |
Up 29% Vs. Year Ago |
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Months of Supply
In April, there was 1.9 months of supply available in Montgomery County, compared to 1.5 in April 2024. That is an increase of 29% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 1,182 homes newly listed for sale in Montgomery County compared to 1,329 in April 2024, a decrease of 11%. There were 983 current contracts pending sale this April compared to 1,091 a year ago. The number of current contracts is 10% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Montgomery County was 100.8% of the average list price, which is 2.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 21, higher than the average last year, which was 16, an increase of 31%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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