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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Posted by

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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Topic:
Real Estate General Information
Location:
Maryland Montgomery County
Groups:
Photos
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roy and dolores kelley photographs
real estate market statistics

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Rainmaker
1,374,786
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Long Island Condo & Home Sale Specialists
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803

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...

July 12, 2012 05:43 AM
Rainmaker
1,762,322
Roy Kelley
Retired Real Estate Broker, Maryland Blogger

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

July 12, 2012 05:49 AM
Rainmaker
979,963
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

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

July 12, 2012 05:51 AM
Ambassador
779,532
John McCormack
AlbuquerqueHomes.com
Albuquerque Homes Realty * www.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.

July 12, 2012 06:22 AM
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Patricia Kennedy
For Your Home in the Capital
Evers & Company Real Estate, Inc.

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

July 12, 2012 07:39 PM
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Roy Kelley

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