Rockville Housing Market Data

There was a decrease in total units sold in September, with 130 sold this month in Rockville Real Estate versus 163 last month, a decrease of 20%. This month's total units sold was higher than at this time last year, an increase of 24% versus September 2018.

Versus last year, the total number of homes available this month is lower by 37 units or 11%. The total number of active inventory this September was 311 compared to 348 in September 2018. This month's total of 311 is lower than the previous month's total supply of available inventory of 328, a decrease of 5%.

Last September, the median sale price for Rockville Homes was $401,000. This September, the median sale price was $457,950, an increase of 14% or $56,950 compared to last year. The current median sold price is 11% 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.

In September, there was 2.4 months of supply available in Rockville, compared to 3.3 in September 2018. That is a decrease of 28% 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 208 homes newly listed for sale in Rockville compared to 187 in September 2018, an increase of 11%. There were 149 current contracts pending sale this September compared to 120 a year ago. The number of current contracts is 24% higher than last September.

In September, the average sale price in Rockville was 98.2% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 41, higher than the average last year, which was 31, an increase of 32%.





Focus On: Rockville Housing Market			September 2019

Zip Code(s): 20850, 20851, 20852, 20853 and 20896
Units Sold 130	Active Inventory 311	Median Sale Price $457,950	Days On Market 41

Up 24% Vs. Year Ago	Down -11% Vs. Year Ago	Up 14% Vs. Year Ago	Up 32% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 130 sold this month in Rockville Real Estate versus 163 last month, a decrease of 20%. This month's total units sold was higher than at this time last year, an increase of 24% versus September 2018.
Active Inventory Versus last year, the total number of homes available this month is lower by 37 units or 11%. The total number of active inventory this September was 311 compared to 348 in September 2018. This month's total of 311 is lower than the previous month's total supply of available inventory of 328, a decrease of 5%.
		Median Sale Price Last September, the median sale price for Rockville Homes was $401,000. This September, the median sale price was $457,950, an increase of 14% or $56,950 compared to last year. The current median sold price is 11% 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 208	Current Contracts 149	Sold Vs. List Price 98.2%	Months of Supply 2.4

Up 11% Vs. Year Ago	Up 24% Vs. Year Ago	Down -1.1% Vs. Year Ago	Down -28% Vs. Year Ago


		Months of Supply In September, there was 2.4 months of supply available in Rockville, compared to 3.3 in September 2018. That is a decrease of 28% 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 208 homes newly listed for sale in Rockville compared to 187 in September 2018, an increase of 11%. There were 149 current contracts pending sale this September compared to 120 a year ago. The number of current contracts is 24% higher than last September.
		Sale Price to List Price Ratio In September, the average sale price in Rockville was 98.2% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 41, higher than the average last year, which was 31, an increase of 32%.


	Rockville are defined as properties listed in zip code/s 20850, 20851, 20852, 20853 and 20896.
	*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.