POOLESVILLE, DICKERSON, AND NORTHWESTERN MONTGOMERY COUNTY HOUSING MARKET DATA

There was an increase in total units sold in August, with 53 sold this month in Poolesville, Dickerson, and Northwestern Montgomery County Real Estate versus 47 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 33% versus August 2023.

Versus last year, the total number of homes available this month is higher by 18 units or 29%. The total number of active inventory this August was 81 compared to 63 in August 2023. This month's total of 81 is lower than the previous month's total supply of available inventory of 84, a decrease of 4%.

Last August, the median sale price for Poolesville, Dickerson, and Northwestern Montgomery County Homes was $588,550. This August, the median sale price was $650,000, an increase of 10% or $61,450 compared to last year. The current median sold price is 1% lower than in July.

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

In August, there was 1.5 months of supply available in Poolesville, Dickerson, and Northwestern Montgomery County. The amount of supply is similar compared to 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 58 homes newly listed for sale in Poolesville, Dickerson, and Northwestern Montgomery County compared to 46 in August 2023, an increase of 26%. There were 49 current contracts pending sale this August compared to 41 a year ago. The number of current contracts is 20% higher than last August.

In August, the average sale price in Poolesville, Dickerson, and Northwestern Montgomery County was 106.0% of the average list price, which is higher than at this time last year.

This month, the average number of days on market was 13, lower than the average last year, which was 17, a decrease of 24%.





FOCUS ON: POOLESVILLE, DICKERSON, AND NORTHWESTERN MONTGOMERY COUNTY HOUSING MARKET			AUGUST 2024

Zip Code(s): 20837, 20838, 20839, 20841, 20842 and 20871
Units Sold 53	Active Inventory 81	Median Sale Price $650,000	Days On Market 13

Up 32% Vs. Year Ago	Up 29% Vs. Year Ago	Up 10% Vs. Year Ago	Down -24% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 53 sold this month in Poolesville, Dickerson, and Northwestern Montgomery County Real Estate versus 47 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 33% versus August 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 18 units or 29%. The total number of active inventory this August was 81 compared to 63 in August 2023. This month's total of 81 is lower than the previous month's total supply of available inventory of 84, a decrease of 4%.
		Median Sale Price Last August, the median sale price for Poolesville, Dickerson, and Northwestern Montgomery County Homes was $588,550. This August, the median sale price was $650,000, an increase of 10% or $61,450 compared to last year. The current median sold price is 1% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 58	Current Contracts 49	Sold Vs. List Price 106.0%	Months of Supply 1.5

Up 26% Vs. Year Ago	Up 20% Vs. Year Ago	Up Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In August, there was 1.5 months of supply available in Poolesville, Dickerson, and Northwestern Montgomery County. The amount of supply is similar compared to 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 58 homes newly listed for sale in Poolesville, Dickerson, and Northwestern Montgomery County compared to 46 in August 2023, an increase of 26%. There were 49 current contracts pending sale this August compared to 41 a year ago. The number of current contracts is 20% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Poolesville, Dickerson, and Northwestern Montgomery County was 106.0% of the average list price, which is higher than at this time last year. Days on Market This month, the average number of days on market was 13, lower than the average last year, which was 17, a decrease of 24%.


	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.