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| MARCH 2025 | |||
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| Zip Code(s): 20874 and 20876 | |||
| Units Sold 71 |
Active Inventory 93 |
Median Sale Price $434,888 |
Days On Market 21 |
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| Up 9% Vs. Year Ago |
Up 24% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 31% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 71 sold this month in Germantown 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 18 units or 24%. The total number of active inventory this March was 93 compared to 75 in March 2024. This month's total of 93 is lower than the previous month's total supply of available inventory of 107, a decrease of 13%. |
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Median Sale Price
Last March, the median sale price for Germantown Homes was $420,000. This March, the median sale price was $434,888, an increase of 4% or $14,888 compared to last year. The current median sold price is 17% higher than in February. 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 88 |
Current Contracts 93 |
Sold Vs. List Price 101.3% |
Months of Supply 1.3 |
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| Up 9% Vs. Year Ago |
Up 33% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
Up 14% Vs. Year Ago |
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Months of Supply
In March, there was 1.3 months of supply available in Germantown, compared to 1.2 in March 2024. That is an increase of 14% 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 88 homes newly listed for sale in Germantown compared to 81 in March 2024, an increase of 9%. There were 93 current contracts pending sale this March compared to 70 a year ago. The number of current contracts is 33% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Germantown was 101.3% of the average list price, which is 0.9% 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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Germantown are defined as properties listed in zip code/s 20874 and 20876. | ||
| *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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