Real Estate Market Statistics for Montgomery County, Maryland - June

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Education & Training with Retired Real Estate Broker, Maryland Blogger
http://actvra.in/DNc

Real Estate Market Statistics for Montgomery County, Maryland 

The June, 2012 Real Estate Market Statistics for Montgomery County, MD  indicate a stronger market than during the same period in 2011.  The total sold dollar volume was $531,223,006, up 4.16% from last year.  There were 1,049 closed sales in the county, up slightly from last year.

Home sellers and prospective home buyers are keeping a close eye on home prices in Montgomery County.  The median sold price was up 8.36% to $413,000 and the average sold price was up 3.47% to $506,409 with an average of 56 days on the market.  The average sold price in June was 96.01% of the average list price.

Prospective home buyers in Montgomery County have the advantage of record low mortgage interest rates but are facing an inventory shortage which leads to multiple contract competition on many properties.  One of the initial steps for smart home buyers is to obtain a pre-approval letter from their mortgage lender. 

We are always ready to assist home buyers and will be happy to recommend mortgage lenders that provide outstanding service.  Please contact us when you need current information on the local real estate market.

Hydrangea, Kentlands, Spring Flowers IMG_1615

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

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Roy and Dolores Kelley Photographs

Roy Kelley, a real estate broker since 1960, has retired from his position as Associate Broker with RE/MAX Realty Group in Gaithersburg, Maryland. The needs of past clients and referrals will be met by long time associates. 



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Rainmaker
1,890,038
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for the information. This is a good time to buy a home as rates are low.

Jul 12, 2012 04:14 AM #1
Rainmaker
885,906
Wayne Martin
Michael Saunders & Company - Sarasota, FL
Sales Manager - New Homes & Condominiums Division

Roy, Lee County Florida has foreclosures up and new construction starts up! Wow, not a pretty site except for the sales that are absorbing the inventory and multiple offers on some existing homes! We are coming back slowly but firmly and the future is much brighter!

Jul 12, 2012 04:14 AM #2
Rainmaker
1,376,122
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Roy: Great news for residents of Montgomery County MD.  Good to hear that your market is gaining momentum.

Jul 12, 2012 04:18 AM #3
Rainmaker
697,695
Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677

Good morning Roy,

Nice report on home selling in your area.  Market reports are indeed an important part to the puzzel. Have a great day!

Jul 12, 2012 04:35 AM #4
Rainmaker
1,370,849
Andrew Mooers
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Valuable up todate local information! You know your area backwards, forwards Roy.

Jul 12, 2012 04:39 AM #5
Rainmaker
1,468,370
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Roy, Nice to read that the Real Estate Market Statistics for Montgomery County, MD are on the rise. Maybe this is aq sign for good news around the country...

Jul 12, 2012 05:43 AM #6
Rainmaker
1,969,805
Roy Kelley
Retired Real Estate Broker, Maryland Blogger - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good morning to all.  Montgomery County, Maryland is a market leader and this report should also be good news for other areas that are in the recovery mode.

Hydrangea, Kentlands, Spring Flowers IMG_1616

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Jul 12, 2012 05:49 AM #7
Rainmaker
1,081,762
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Good Morning Roy, very nice market report with the right amount of statistics. I love the photo...  Have a Great Thursday

Jul 12, 2012 05:51 AM #8
Ambassador
858,617
John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com

Good report Roy.  Good news is always welcomed and a good thing for the country as a whole.  Have a great day my friend.

Jul 12, 2012 06:22 AM #9
Ambassador
2,395,825
Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

Roy, we have huge bushes of hydrangias on my block.  I haven't been able to get a shot nearly as nice as yours.

Jul 12, 2012 07:39 PM #10
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Roy Kelley

Roy and Dolores Kelley Photographs
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