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| JULY 2025 | |||
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| Units Sold 957 |
Active Inventory 1,840 |
Median Sale Price $660,000 |
Days On Market 23 |
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| Down -3% Vs. Year Ago |
Up 25% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 28% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 957 sold this month in Montgomery County Real Estate versus 1,016 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 3% versus July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 372 units or 25%. The total number of active inventory this July was 1,840 compared to 1,468 in July 2024. This month's total of 1,840 is lower than the previous month's total supply of available inventory of 2,156, a decrease of 15%. |
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Median Sale Price
Last July, the median sale price for Montgomery County Homes was $636,000. This July, the median sale price was $660,000, an increase of 4% or $24,000 compared to last year. The current median sold price is 3% higher 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. |
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| New Listings 956 |
Current Contracts 867 |
Sold Vs. List Price 99.4% |
Months of Supply 1.9 |
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| Down -11% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -1.5% Vs. Year Ago |
Up 29% Vs. Year Ago |
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Months of Supply
In July, there was 1.9 months of supply available in Montgomery County, compared to 1.5 in July 2024. That is an increase 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 956 homes newly listed for sale in Montgomery County compared to 1,076 in July 2024, a decrease of 11%. There were 867 current contracts pending sale this July compared to 873 a year ago. The number of current contracts is 1% lower than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Montgomery County was 99.4% of the average list price, which is 1.5% lower than at this time last year. Days on Market
This month, the average number of days on market was 23, higher than the average last year, which was 18, an increase of 28%. | |||
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| *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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