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| JANUARY 2025 | |||
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| Units Sold 498 |
Active Inventory 934 |
Median Sale Price $599,450 |
Days On Market 34 |
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| Up 4% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 16% Vs. Year Ago |
Up 13% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in January, with 498 sold this month in Montgomery County Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 19 units or 2%. The total number of active inventory this January was 934 compared to 915 in January 2024. This month's total of 934 is lower than the previous month's total supply of available inventory of 1,024, a decrease of 9%. |
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Median Sale Price
Last January, the median sale price for Montgomery County Homes was $519,000. This January, the median sale price was $599,450, an increase of 16% or $80,450 compared to last year. The current median sold price is 2% lower than in December. 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 651 |
Current Contracts 592 |
Sold Vs. List Price 100.0% |
Months of Supply 1.9 |
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| Down -7% Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 0.6% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In January, there was 1.9 months of supply available in Montgomery County. The amount of supply is similar compared to 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 651 homes newly listed for sale in Montgomery County compared to 699 in January 2024, a decrease of 7%. There were 592 current contracts pending sale this January compared to 535 a year ago. The number of current contracts is 11% higher than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Montgomery County was 100.0% of the average list price, which is 0.6% higher than at this time last year. Days on Market
This month, the average number of days on market was 34, higher than the average last year, which was 30, an increase of 13%. | |||
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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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