Montgomery County Housing Market Data

There was an increase in total units sold in August, with 1,190 sold this month in Montgomery County Real Estate versus 1,184 last month, an increase of 1%. This month's total units sold was lower than at this time last year, a decrease of 9% versus August 2016.

Click here to compare the units sold of this area against other locations.

Versus last year, the total number of homes available this month is lower by 482 units or 15%. The total number of active inventory this August was 2,759 compared to 3,241 in August 2016. This month's total of 2,759 is lower than the previous month's total supply of available inventory of 3,031, a decrease of 9%.

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Last August, the median sale price for Montgomery County Homes was $415,000. This August, the median sale price was approximately the same at $425,000. The current median sold price is 2% higher than in August 2016.

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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In August, there was 2.3 months of supply available in Montgomery County, compared to 2.5 in August 2016. That is a decrease of 6% 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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This month there were 1,340 homes newly listed for sale in Montgomery County compared to 1,350 in August 2016, a decrease of 1%. There were 1,078 current contracts pending sale this August compared to 1,026 a year ago. The number of current contracts is 5% higher than last August.

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Click here to compare the current contracts of this area against other locations.

In August, the average sale price in Montgomery County was 98.4% of the average list price, which is 0.8% higher than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.

This month, the average number of days on market was 34, lower than the average last year, which was 39, a decrease of 13%.

Click here to compare the days on market of this area against other locations.





Focus On: Montgomery County Housing Market			August 2017

Units Sold 1,190	Active Inventory 2,759	Median Sale Price $425,000	Days On Market 34

Down -9% Vs. Year Ago	Down -15% Vs. Year Ago	Up 2% Vs. Year Ago	Down -13% Vs. Year Ago


iCharts		Units Sold There was an increase in total units sold in August, with 1,190 sold this month in Montgomery County Real Estate versus 1,184 last month, an increase of 1%. This month's total units sold was lower than at this time last year, a decrease of 9% versus August 2016. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 482 units or 15%. The total number of active inventory this August was 2,759 compared to 3,241 in August 2016. This month's total of 2,759 is lower than the previous month's total supply of available inventory of 3,031, a decrease of 9%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last August, the median sale price for Montgomery County Homes was $415,000. This August, the median sale price was approximately the same at $425,000. The current median sold price is 2% higher than in August 2016. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. Click here to compare the median sale price of this area against other locations.



New Listings 1,340	Current Contracts 1,078	Sold Vs. List Price 98.4%	Months of Supply 2.3

Down -1% Vs. Year Ago	Up 5% Vs. Year Ago	Up 0.8% Vs. Year Ago	Down -6% Vs. Year Ago


iCharts		Months of Supply In August, there was 2.3 months of supply available in Montgomery County, compared to 2.5 in August 2016. That is a decrease of 6% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 1,340 homes newly listed for sale in Montgomery County compared to 1,350 in August 2016, a decrease of 1%. There were 1,078 current contracts pending sale this August compared to 1,026 a year ago. The number of current contracts is 5% higher than last August. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In August, the average sale price in Montgomery County was 98.4% of the average list price, which is 0.8% higher than at this time last year. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 34, lower than the average last year, which was 39, a decrease of 13%. Click here to compare the days on market of this area against other locations.		iCharts


	*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.