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| JANUARY 2025 | |||
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| Zip Code(s): 20874 and 20876 | |||
| Units Sold 44 |
Active Inventory 72 |
Median Sale Price $420,250 |
Days On Market 28 |
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| Down -4% Vs. Year Ago |
Up 31% Vs. Year Ago |
Up 10% Vs. Year Ago |
Down -3% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in January, with 44 sold this month in Germantown Real Estate. This month's total units sold was lower 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 17 units or 31%. The total number of active inventory this January was 72 compared to 55 in January 2024. This month's total of 72 is higher than the previous month's total supply of available inventory of 64, an increase of 13%. |
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Median Sale Price
Last January, the median sale price for Germantown Homes was $382,500. This January, the median sale price was approximately the same at $420,250. The current median sold price is 10% higher than in January 2024. 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 58 |
Current Contracts 44 |
Sold Vs. List Price 100.3% |
Months of Supply 1.6 |
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| Down -11% Vs. Year Ago |
Down -36% Vs. Year Ago |
Up 1.9% Vs. Year Ago |
Up 37% Vs. Year Ago |
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Months of Supply
In January, there was 1.6 months of supply available in Germantown, compared to 1.2 in January 2024. That is an increase of 37% 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 58 homes newly listed for sale in Germantown compared to 65 in January 2024, a decrease of 11%. There were 44 current contracts pending sale this January compared to 69 a year ago. The number of current contracts is 36% lower than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Germantown was 100.3% of the average list price, which is 1.8% higher than at this time last year. Days on Market
This month, the average number of days on market was 28, lower than the average last year, which was 29, a decrease of 3%. | |||
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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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