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| APRIL 2025 | |||
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| Units Sold 663 |
Active Inventory 1,008 |
Median Sale Price $470,000 |
Days On Market 22 |
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| Up 1% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 22% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 663 sold this month in Montgomery County Real Estate versus 525 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 1% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 33 units or 3%. The total number of active inventory this April was 1,008 compared to 975 in April 2024. This month's total of 1,008 is higher than the previous month's total supply of available inventory of 945, an increase of 7%. |
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Median Sale Price
Last April, the median sale price for Montgomery County Homes was $455,000. This April, the median sale price was $470,000, an increase of 3% or $15,000 compared to last year. The current median sold price is 6% 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. |
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| New Listings 1,041 |
Current Contracts 852 |
Sold Vs. List Price 101.4% |
Months of Supply 1.5 |
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| No Change Vs. Year Ago |
No Change Vs. Year Ago |
Down -0.8% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In April, there was 1.5 months of supply available in 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. |
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New Listings & Current Contracts
This month there were 1,041 homes newly listed for sale in Montgomery County, which is similar to the amount in April 2024. There were 852 current contracts pending sale this April, consistent with the volume a year ago. The number of current contracts is 11% higher than last month. |
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Sale Price to List Price Ratio
In April, the average sale price in Montgomery County was 101.4% of the average list price, which is 0.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 22, higher than the average last year, which was 18, an increase of 22%. | |||
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| *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. |
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