MONTGOMERY VILLAGE HOUSING MARKET DATA

There was a decrease in total units sold in March, with 29 sold this month in Montgomery Village Real Estate versus 30 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 29% versus March 2024.

Versus last year, the total number of homes available this month is higher by 23 units or 59%. The total number of active inventory this March was 62 compared to 39 in March 2024. This month's total of 62 is lower than the previous month's total supply of available inventory of 63, a decrease of 2%.

Last March, the median sale price for Montgomery Village Homes was $431,890. This March, the median sale price was $468,000, an increase of 8% or $36,110 compared to last year. The current median sold price is 23% higher than in February.

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

In March, there was 2.1 months of supply available in Montgomery Village, compared to 1.0 in March 2024. That is an increase of 125% 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 51 homes newly listed for sale in Montgomery Village, which is similar to the amount in March 2024. There were 45 current contracts pending sale this March compared to 41 a year ago. The number of current contracts is 10% higher than last March.

In March, the average sale price in Montgomery Village was 101.1% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 26, higher than the average last year, which was 16. This increase was impacted by the limited number of sales.





FOCUS ON: MONTGOMERY VILLAGE HOUSING MARKET			MARCH 2025

Zip Code(s): 20886
Units Sold 29	Active Inventory 62	Median Sale Price $468,000	Days On Market 26

Down -29% Vs. Year Ago	Up 59% Vs. Year Ago	Up 8% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 29 sold this month in Montgomery Village Real Estate versus 30 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 29% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 23 units or 59%. The total number of active inventory this March was 62 compared to 39 in March 2024. This month's total of 62 is lower than the previous month's total supply of available inventory of 63, a decrease of 2%.
		Median Sale Price Last March, the median sale price for Montgomery Village Homes was $431,890. This March, the median sale price was $468,000, an increase of 8% or $36,110 compared to last year. The current median sold price is 23% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 51	Current Contracts 45	Sold Vs. List Price 101.1%	Months of Supply 2.1

No Change Vs. Year Ago	Up 10% Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 125% Vs. Year Ago


		Months of Supply In March, there was 2.1 months of supply available in Montgomery Village, compared to 1.0 in March 2024. That is an increase of 125% 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 51 homes newly listed for sale in Montgomery Village, which is similar to the amount in March 2024. There were 45 current contracts pending sale this March compared to 41 a year ago. The number of current contracts is 10% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Montgomery Village was 101.1% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 26, higher than the average last year, which was 16. This increase was impacted by the limited number of sales.


	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.