The Long & Foster Market Minute

Focus On: Germantown Housing Market July 2022

Zip Code(s): 20874 and 20876
Units Sold
95
Active Inventory
84
Median Sale Price
$390,000
Days On Market
11
Down
Vs. Year Ago
Down -35%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 10%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in July, with 95 sold this month in Germantown Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 45 units or 35%. The total number of active inventory this July was 84 compared to 129 in July 2021. This month's total of 84 is higher than the previous month's total supply of available inventory of 68, an increase of 24%.

Median Sale Price
Last July, the median sale price for Germantown Homes was $370,000. This July, the median sale price was $390,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 2% lower than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
125
Current Contracts
96
Sold Vs. List Price
102.5%
Months of Supply
0.9
Down -42%
Vs. Year Ago
Down -36%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Up 14%
Vs. Year Ago

Months of Supply
In July, there was 0.9 months of supply available in Germantown, compared to 0.8 in July 2021. That is an increase of 15% 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.

New Listings & Current Contracts
This month there were 125 homes newly listed for sale in Germantown compared to 216 in July 2021, a decrease of 42%. There were 96 current contracts pending sale this July compared to 149 a year ago. The number of current contracts is 36% lower than last July.

Sale Price to List Price Ratio
In July, the average sale price in Germantown was 102.5% 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 11, higher than the average last year, which was 10, an increase of 10%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.