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Montgomery County Trends Continue – Fewer Sales, Prices Steady, Homes Flying off the Shelves

Montgomery County prices are holding very steady, with the median sale price remaining right at $400,000 last month. The number of sales continues to lag last year, with 871 sales representing an 11.5% decrease from last year.

Interestingly enough, the average days on market has decreased, proving that the best homes still go quickly – really quickly – in Montgomery County.

And with a sale price averaging 97.8% of asking price, it’s clear that the MoCo market remains strong.

The number of homes on the market remains above last year, with an increase of 23.5%. We’re keeping our eye on that statistic, as well as interest rates, moving into high season.

Montgomery County Stats – April 2014

Montgomery County Maryland Market Stats April 2014

As always, the numbers that matter most are yours. Drop us a line for a complimentary market analysis of your home or neighborhood. We’re here to help!

Laura Kittleman is the owner of The Kittleman Group of Keller Williams Select Realtors, and her team works primarily in Howard County and Montgomery County, Maryland. She can be reached at 301-785-5889 or laurak@kittlemangroup.com.

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