A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Montgomery County Home Inventory Receding, Prices Nudge Upward

Montgomery County’s inventory of homes for sale is still well above last year’s, but has receded a bit from last month.  In August, inventory was up over 43% from the prior August, while September’s numbers show a “mere” 36% increase.   Prices ticked up slightly, with the median sale price of a home in Montgomery County for September, 2014 coming in at $390,000, up 2.9% from this time last year.

Montgomery County Stats – September 2014
Montgomery County Home Sales Statistics - September 2014

One important item to note is that, as of this writing, interest rates are the lowest they’ve been in over a year, with the flagship 30-year mortgage dipping into the 3.75% to 4% range.  If you haven’t thought of buying or refinancing, we urge you to talk to us or your mortgage lender.

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 happy to help!

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

Tom Yeatts is a partner and Associate Broker with The Kittleman Group of Keller Williams Select Realtors.  He can be reached at 443.364.8867 or tom@kittlemangroup.com.

 

Share Button

Leave a Reply