The Long & Foster Market Minute

Focus On: Poolesville, Dickerson, and Northwestern Montgomery County Housing Market September 2021

Zip Code(s): 20837, 20838, 20839, 20841, 20842 and 20871
Units Sold
58
Active Inventory
64
Median Sale Price
$519,000
Days On Market
11
Down -28%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -62%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 58 sold this month in Poolesville, Dickerson, and Northwestern Montgomery County Real Estate versus 86 last month, a decrease of 33%. This month's total units sold was lower than at this time last year, a decrease of 28% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 14 units or 18%. The total number of active inventory this September was 64 compared to 78 in September 2020. This month's total of 64 is higher than the previous month's total supply of available inventory of 55, an increase of 16%.

Median Sale Price
Last September, the median sale price for Poolesville, Dickerson, and Northwestern Montgomery County Homes was $505,000. This September, the median sale price was $519,000, an increase of 3% or $14,000 compared to last year. The current median sold price is 10% lower than in August.

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


New Listings
80
Current Contracts
57
Sold Vs. List Price
101.4%
Months of Supply
1.1
Up 8%
Vs. Year Ago
Down -14%
Vs. Year Ago
Up 1.6%
Vs. Year Ago
Up 15%
Vs. Year Ago

Months of Supply
In September, there was 1.1 months of supply available in Poolesville, Dickerson, and Northwestern Montgomery County, compared to 1.0 in September 2020. 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 80 homes newly listed for sale in Poolesville, Dickerson, and Northwestern Montgomery County compared to 74 in September 2020, an increase of 8%. There were 57 current contracts pending sale this September compared to 66 a year ago. The number of current contracts is 14% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Poolesville, Dickerson, and Northwestern Montgomery County was 101.4% of the average list price, which is 1.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 29, a decrease of 62%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.