The Long & Foster Market Minute

Focus On: Rockville Housing Market December 2017

Zip Code(s): 20850, 20851, 20852, 20853 and 20896
Units Sold
115
Active Inventory
216
Median Sale Price
$422,600
Days On Market
55
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 13%
Vs. Year Ago
Down -20%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 22%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 115 sold this month in Rockville Real Estate versus 129 last month, a decrease of 11%. This month's total units sold was higher than at this time last year, an increase of 13% versus December 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 54 units or 20%. The total number of active inventory this December was 216 compared to 270 in December 2016. This month's total of 216 is lower than the previous month's total supply of available inventory of 280, a decrease of 23%.

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Median Sale Price
Last December, the median sale price for Rockville Homes was $395,500. This December, the median sale price was $422,600, an increase of 7% or $27,100 compared to last year. The current median sold price is 2% lower than in November.

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
73
Current Contracts
81
Sold Vs. List Price
97.8%
Months of Supply
1.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 4%
Vs. Year Ago
Up 4%
Vs. Year Ago
No Change
Vs. Year Ago
Down -29%
Vs. Year Ago

Months of Supply
In December, there was 1.9 months of supply available in Rockville, compared to 2.6 in December 2016. That is a decrease 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 73 homes newly listed for sale in Rockville compared to 70 in December 2016, an increase of 4%. There were 81 current contracts pending sale this December compared to 78 a year ago. The number of current contracts is 4% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Rockville was 97.8% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 55, higher than the average last year, which was 45, an increase of 22%.

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The Long & Foster Market Minute Rockville are defined as properties listed in zip code/s 20850, 20851, 20852, 20853 and 20896.
*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.
REALTOR, Equal Opportunity HousingInformation 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.