MONTGOMERY VILLAGE HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in February, with 29 sold this month in Montgomery Village Real Estate. This month's total units sold was higher than at this time last year, an increase from February 2024.

Versus last year, the total number of homes available this month is higher by 22 units or 61%. The total number of active inventory this February was 58 compared to 36 in February 2024. This month's total of 58 is lower than the previous month's total supply of available inventory of 64, a decrease of 9%.

Last February, the median sale price for Montgomery Village Homes was $413,000. This February, the median sale price was $360,000, a decrease of 13% or $53,000 compared to last year. The current median sold price is 14% higher than in January.

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

In February, there was 2.0 months of supply available in Montgomery Village, compared to 2.1 in February 2024. That is a decrease of 6% 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.

This month there were 43 homes newly listed for sale in Montgomery Village compared to 35 in February 2024, an increase of 23%. There were 41 current contracts pending sale this February compared to 26 a year ago. The number of current contracts is 58% higher than last February.

In February, the average sale price in Montgomery Village was 100.7% of the average list price, which is 3.8% lower than at this time last year.

This month, the average number of days on market was 35, higher than the average last year, which was 29, an increase of 21%.





FOCUS ON: MONTGOMERY VILLAGE HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20886
Units Sold 29	Active Inventory 58	Median Sale Price $360,000	Days On Market 35

Up Vs. Year Ago	Up 61% Vs. Year Ago	Down -13% Vs. Year Ago	Up 21% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in February, with 29 sold this month in Montgomery Village Real Estate. This month's total units sold was higher than at this time last year, an increase from February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 22 units or 61%. The total number of active inventory this February was 58 compared to 36 in February 2024. This month's total of 58 is lower than the previous month's total supply of available inventory of 64, a decrease of 9%.
		Median Sale Price Last February, the median sale price for Montgomery Village Homes was $413,000. This February, the median sale price was $360,000, a decrease of 13% or $53,000 compared to last year. The current median sold price is 14% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 43	Current Contracts 41	Sold Vs. List Price 100.7%	Months of Supply 2.0

Up 23% Vs. Year Ago	Up 58% Vs. Year Ago	Down -3.7% Vs. Year Ago	Down -6% Vs. Year Ago


		Months of Supply In February, there was 2.0 months of supply available in Montgomery Village, compared to 2.1 in February 2024. That is a decrease of 6% 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 43 homes newly listed for sale in Montgomery Village compared to 35 in February 2024, an increase of 23%. There were 41 current contracts pending sale this February compared to 26 a year ago. The number of current contracts is 58% higher than last February.
		Sale Price to List Price Ratio In February, the average sale price in Montgomery Village was 100.7% of the average list price, which is 3.8% lower than at this time last year. Days on Market This month, the average number of days on market was 35, higher than the average last year, which was 29, an increase of 21%.


	Montgomery Village are defined as properties listed in zip code/s 20886.
	*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.