Poolesville, Dickerson, and Northwestern Montgomery County Housing Market Data

With relatively few transactions, there was a decrease in total units sold in April, with 23 sold this month in Poolesville, Dickerson, and Northwestern Montgomery County Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2022.

Versus last year, the total number of homes available this month is lower by 7 units or 11%. The total number of active inventory this April was 57 compared to 64 in April 2022. This month's total of 57 is higher than the previous month's total supply of available inventory of 53, an increase of 8%.

Last April, the median sale price for Poolesville, Dickerson, and Northwestern Montgomery County Homes was $585,000. This April, the median sale price was $685,000, an increase of 17% or $100,000 compared to last year. The current median sold price is 25% higher than in March.

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

In April, there was 2.5 months of supply available in Poolesville, Dickerson, and Northwestern Montgomery County, compared to 1.0 in April 2022. That is an increase of 152% 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 Poolesville, Dickerson, and Northwestern Montgomery County compared to 92 in April 2022, a decrease of 57%. There were 28 current contracts pending sale this April compared to 61 a year ago. The number of current contracts is 54% lower than last April.

In April, the average sale price in Poolesville, Dickerson, and Northwestern Montgomery County was 100.1% 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 14, which is similar compared to a year ago.





Focus On: Poolesville, Dickerson, and Northwestern Montgomery County Housing Market			April 2023

Zip Code(s): 20837, 20838, 20839, 20841, 20842 and 20871
Units Sold 23	Active Inventory 57	Median Sale Price $685,000	Days On Market 14

Down Vs. Year Ago	Down -11% Vs. Year Ago	Up 17% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in April, with 23 sold this month in Poolesville, Dickerson, and Northwestern Montgomery County Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 7 units or 11%. The total number of active inventory this April was 57 compared to 64 in April 2022. This month's total of 57 is higher than the previous month's total supply of available inventory of 53, an increase of 8%.
		Median Sale Price Last April, the median sale price for Poolesville, Dickerson, and Northwestern Montgomery County Homes was $585,000. This April, the median sale price was $685,000, an increase of 17% or $100,000 compared to last year. The current median sold price is 25% higher than in March. 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 28	Sold Vs. List Price 100.1%	Months of Supply 2.5

Down -57% Vs. Year Ago	Down -54% Vs. Year Ago	Down -3.7% Vs. Year Ago	Up 153% Vs. Year Ago


		Months of Supply In April, there was 2.5 months of supply available in Poolesville, Dickerson, and Northwestern Montgomery County, compared to 1.0 in April 2022. That is an increase of 152% 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 Poolesville, Dickerson, and Northwestern Montgomery County compared to 92 in April 2022, a decrease of 57%. There were 28 current contracts pending sale this April compared to 61 a year ago. The number of current contracts is 54% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Poolesville, Dickerson, and Northwestern Montgomery County was 100.1% 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 14, which is similar compared to a year ago.


	Poolesville, Dickerson, and Northwestern Montgomery County are defined as properties listed in zip code/s 20837, 20838, 20839, 20841, 20842 and 20871.
	*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.