The Long & Foster Market Minute

Focus On: Germantown Housing Market August 2021

Zip Code(s): 20874 and 20876
Units Sold
153
Active Inventory
82
Median Sale Price
$360,000
Days On Market
14
Up 19%
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -22%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 153 sold this month in Germantown Real Estate versus 167 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 19% versus August 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 23 units or 22%. The total number of active inventory this August was 82 compared to 105 in August 2020. This month's total of 82 is lower than the previous month's total supply of available inventory of 117, a decrease of 30%.

Median Sale Price
Last August, the median sale price for Germantown Homes was $338,500. This August, the median sale price was $360,000, an increase of 6% or $21,500 compared to last year. The current median sold price is 3% lower than in July.

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


New Listings
137
Current Contracts
153
Sold Vs. List Price
100.9%
Months of Supply
0.5
Down -4%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 1.2%
Vs. Year Ago
Down -33%
Vs. Year Ago

Months of Supply
In August, there was 0.5 months of supply available in Germantown, compared to 0.8 in August 2020. That is a decrease of 34% 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 137 homes newly listed for sale in Germantown compared to 142 in August 2020, a decrease of 4%. There were 153 current contracts pending sale this August compared to 136 a year ago. The number of current contracts is 13% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Germantown was 100.9% of the average list price, which is 1.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 18, a decrease of 22%.

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.