Maryland Montgomery Homes for Sale

December 30, 2007

Prices Stable in Montgomery County, MD.

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.

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