The Long & Foster Market Minute

Focus On: Poolesville, Dickerson, and Northwestern Montgomery County Housing Market May 2022

Zip Code(s): 20837, 20838, 20839, 20841, 20842 and 20871
Units Sold
76
Active Inventory
64
Median Sale Price
$651,000
Days On Market
8
Up 12%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -43%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 76 sold this month in Poolesville, Dickerson, and Northwestern Montgomery County Real Estate versus 62 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 12% versus May 2021.

Active Inventory
Versus last year, the total number of homes available this month is higher by 10 units or 19%. The total number of active inventory this May was 64 compared to 54 in May 2021. This month's total of 64 is higher than the previous month's total supply of available inventory of 61, an increase of 5%.

Median Sale Price
Last May, the median sale price for Poolesville, Dickerson, and Northwestern Montgomery County Homes was $616,395. This May, the median sale price was $651,000, an increase of 6% or $34,605 compared to last year. The current median sold price is 9% 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
89
Current Contracts
73
Sold Vs. List Price
103.8%
Months of Supply
0.8
Down -5%
Vs. Year Ago
Down -16%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In May, there was 0.8 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 89 homes newly listed for sale in Poolesville, Dickerson, and Northwestern Montgomery County compared to 94 in May 2021, a decrease of 5%. There were 73 current contracts pending sale this May compared to 87 a year ago. The number of current contracts is 16% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Poolesville, Dickerson, and Northwestern Montgomery County was 103.8% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 8, lower than the average last year, which was 14, a decrease of 43%.

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.