| 2008 | 2007 | % Change | |
|---|---|---|---|
| Total Sold Dollar Volume: | $ 384,640,051 | $ 485,099,319 | - 20.71 % |
| Average Sold Price: | $ 543,277 | $ 530,743 | 2.36 % |
| Median Sold Price: | $ 419,500 | $ 449,750 | - 6.73 % |
| Total Units Sold: | 708 | 914 | - 22.54 % |
| Average Days on Market: | 112 | 83 | 34.94 % |
| Average List Price for Solds: | $ 590,871 | $ 549,757 | 7.48 % |
| Avg Sale Price as a percentage of Avg List Price: |
91.95 % | 96.54 % |
MONTGOMERY COUNTY HOME BUYERS: We’ve compiled the facts and statistics for you to show that it is, 
indeed, a good time to buy a home in Montgomery County, Maryland.
Help for relocating hoLocations in Montgomery County: Bethesda, Burtonsville, Chevy Chase, Clarksburg, Damascus, Gaithersburg, Germantown, Kensington, Laytonsville, Montgomery Village, Olney, Potomac, Rockville, Silver Spring, Takoma Park.
me buyers whether moving across town or across the country.
IF YOU NEED OR WANT TO BUY A HOME in MONTGOMERY COUNTY MARYLAND, BUY NOW. PRICES ARE DOWN AND IT’S A BUYER’S MARKET!
Fact: There are about 2,369 Single Family Homes (not new construction) listed for sale in Montgomery County, MD (2/24/08). Home buyers in Montgomery County have more choices than ever before.
Fact: There are about 4,728 homes of all types listed for sale in Montgomery County, MD (2/24/08). Home buyers for single family, townhomes, condos have more choices than ever before.
Fact: Home prices for homes SOLD in January 2008 were 8.08% lower than in January 2007. Sellers are reducing home prices faster than recent times.
Fact: Prices for all homes SOLD in Montgomery County sold for 90.47% of the list price. That reflects an average 10% negotiating success.
Fact: There is about a 10% negotiating window for buyers and seller subsidies are also higher.
Fact: Total units sold in January 2008 were down 43.03% from January 2007. Sellers need to sell and will negotiate.
Fact: List prices for homes for sale in Montgomery County in January 2007 are 5.05% lower than in January 2007. Lower list prices reflect the pressure from lower SOLD prices and lower appraisals.
Fact: The average Days On The Market for homes listed for sale in Montgomery County, MD is 120 days, 30.43% longer than a year ago.
Fact: Rents are increasing and will continue to do so until buyers get back in the real estate market.
Fact: Mortgage requirements are becoming increasingly difficult and will continue to do so for some time.
Montgomery County Maryland Average SOLD prices 2005-2008 (All home types).
January 2008 - Average SOLD price was $494,623
January 2007 - Average SOLD price was $538,076
January 2006 - Average SOLD price was $530,950
January 2005 - Average SOLD price was $458,449
MONTGOMERY COUNTY HOME BUYERS can now select from homes for sale at 2005 prices. * It took 3 years to get list prices for homes for sale back to 2005 prices.
* Pressure from Short Sales and Foreclosures have helped bring prices down.
* Home owners who sold due to relocating to other areas helped bring prices down.
* Smart buyers who simply said, “I will not pay that price for that house” helped bring prices down.
* Buyers Agents in the Homefinders.com network who gave our home buyers the facts about the real estate market helped bring home prices down.
TYPICAL SINGLE FAMILY HOME FOR SALE IN CLARKSBURG, MD
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.
Prices are stable, but the average home price as a percentage of the list price is 92.42%. That means that the buyers agent has negotiated a price of about 92% of the list price. That’s our job. To get the best price for you for your home of choice.
What’s involved in negotiating a good price for our buyers? For one thing, knowing the market. Looking at a lot of homes and studying the recently sold prices to on top of the recent appraisals. Unrealistically low prices don’t usually result in a sale, but a well considered offer with supporting SOLD data to justify an offer is likely to result in a good price for our buyers. Experience county.
| 2007 | 2006 | % Change | |
|---|---|---|---|
| Total Sold Dollar Volume: | $ 304,344,372 | $ 466,933,182 | - 34.82 % |
| Average Sold Price: | $ 518,474 | $ 515,948 | 0.49 % |
| Median Sold Price: | $ 410,000 | $ 435,000 | - 5.75 % |
| Total Units Sold: | 587 | 905 | - 35.14 % |
| Average Days on Market: | 99 | 76 | 30.26 % |
| Average List Price for Solds: | $ 560,974 | $ 548,267 | 2.32 % |
| Avg Sale Price as a percentage of Avg List Price: |
92.42 % | 94.11 % |
Contact Lenn at 800-711-7988, e-mail.
About real estate in Montgomery County, Maryland, Single Family Homes, Town Homes, Condominium Homes for sale. Help for home buyers from search to settlement. Search all active listings of homes for sale in Montgomery County listed in the MLS. Potomac, Bethesda, Rockville, Gaithersburg, Germantown, Clarksburg, Silver Spring, Takoma Park, Burtonsville, Derwood, Olney, Brookeville, Montgomery Village, Damascus, Kensington, Chevy Chase.
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