MONTGOMERY VILLAGE HOUSING MARKET DATA

There was an increase in total units sold in July, with 53 sold this month in Montgomery Village Real Estate versus 43 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 20% versus July 2024.

Versus last year, the total number of homes available this month is higher by 19 units or 38%. The total number of active inventory this July was 69 compared to 50 in July 2024. This month's total of 69 is lower than the previous month's total supply of available inventory of 82, a decrease of 16%.

Last July, the median sale price for Montgomery Village Homes was $448,500. This July, the median sale price was $420,950, a decrease of 6% or $27,550 compared to last year. The current median sold price is 6% lower 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.

In July, there was 1.3 months of supply available in Montgomery Village, compared to 1.1 in July 2024. That is an increase of 15% 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 47 homes newly listed for sale in Montgomery Village compared to 50 in July 2024, a decrease of 6%. There were 43 current contracts pending sale this July compared to 45 a year ago. The number of current contracts is 4% lower than last July.

In July, the average sale price in Montgomery Village was 101.5% of the average list price, which is 1.6% 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 15, an increase of 73%.





FOCUS ON: MONTGOMERY VILLAGE HOUSING MARKET			JULY 2025

Zip Code(s): 20886
Units Sold 53	Active Inventory 69	Median Sale Price $420,950	Days On Market 26

Up 20% Vs. Year Ago	Up 38% Vs. Year Ago	Down -6% Vs. Year Ago	Up 73% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 53 sold this month in Montgomery Village Real Estate versus 43 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 20% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 19 units or 38%. The total number of active inventory this July was 69 compared to 50 in July 2024. This month's total of 69 is lower than the previous month's total supply of available inventory of 82, a decrease of 16%.
		Median Sale Price Last July, the median sale price for Montgomery Village Homes was $448,500. This July, the median sale price was $420,950, a decrease of 6% or $27,550 compared to last year. The current median sold price is 6% lower 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.



New Listings 47	Current Contracts 43	Sold Vs. List Price 101.5%	Months of Supply 1.3

Down -6% Vs. Year Ago	Down -4% Vs. Year Ago	Down -1.6% Vs. Year Ago	Up 14% Vs. Year Ago


		Months of Supply In July, there was 1.3 months of supply available in Montgomery Village, compared to 1.1 in July 2024. That is an increase of 15% 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 47 homes newly listed for sale in Montgomery Village compared to 50 in July 2024, a decrease of 6%. There were 43 current contracts pending sale this July compared to 45 a year ago. The number of current contracts is 4% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Montgomery Village was 101.5% of the average list price, which is 1.6% 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 15, an increase of 73%.


	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.