MONTGOMERY VILLAGE HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in May, with 30 sold this month in Montgomery Village Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024.

Versus last year, the total number of homes available this month is higher by 19 units or 42%. The total number of active inventory this May was 64 compared to 45 in May 2024. This month's total of 64 is lower than the previous month's total supply of available inventory of 79, a decrease of 19%.

Last May, the median sale price for Montgomery Village Homes was $449,500. This May, the median sale price was $415,000, a decrease of 8% or $34,500 compared to last year. The current median sold price is 1% higher than in April.

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

In May, there was 2.1 months of supply available in Montgomery Village, compared to 0.9 in May 2024. That is an increase of 137% 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 40 homes newly listed for sale in Montgomery Village compared to 48 in May 2024, a decrease of 17%. There were 48 current contracts pending sale this May compared to 41 a year ago. The number of current contracts is 17% higher than last May.

In May, the average sale price in Montgomery Village was 100.4% of the average list price, which is 3.0% 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 8. This increase was impacted by the limited number of sales.





FOCUS ON: MONTGOMERY VILLAGE HOUSING MARKET			MAY 2025

Zip Code(s): 20886
Units Sold 30	Active Inventory 64	Median Sale Price $415,000	Days On Market 26

Down Vs. Year Ago	Up 42% Vs. Year Ago	Down -8% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in May, with 30 sold this month in Montgomery Village Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 19 units or 42%. The total number of active inventory this May was 64 compared to 45 in May 2024. This month's total of 64 is lower than the previous month's total supply of available inventory of 79, a decrease of 19%.
		Median Sale Price Last May, the median sale price for Montgomery Village Homes was $449,500. This May, the median sale price was $415,000, a decrease of 8% or $34,500 compared to last year. The current median sold price is 1% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 40	Current Contracts 48	Sold Vs. List Price 100.4%	Months of Supply 2.1

Down -17% Vs. Year Ago	Up 17% Vs. Year Ago	Down -2.9% Vs. Year Ago	Up 137% Vs. Year Ago


		Months of Supply In May, there was 2.1 months of supply available in Montgomery Village, compared to 0.9 in May 2024. That is an increase of 137% 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 40 homes newly listed for sale in Montgomery Village compared to 48 in May 2024, a decrease of 17%. There were 48 current contracts pending sale this May compared to 41 a year ago. The number of current contracts is 17% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Montgomery Village was 100.4% of the average list price, which is 3.0% 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 8. 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.