Montgomery County Real Estate Statistics – June 2009
Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator – <$30K to >$500K Format
Montgomery County, MD
From: 06/01/2009 to 06/30/2009 Statistics generated on: 07/08/2009
| Residential Unit Sales Number of Bedrooms |
Active Listings | Time on Market | |||||||
| Price Class | 2 Or Less |
3 | 4 or More |
Condo Coop and Ground Rent |
Residential |
Condo Coop and Ground Rent |
of Units Sold (No. of Units) |
||
| Under $30,000 | 0 | 0 | 0 | 1 | 0 | 8 | 1 -30 Days | 456 | |
| $30,000-$39,000 | 0 | 0 | 0 | 1 | 0 | 2 | 31-60 Days | 164 | |
| $40,000-$49,999 | 0 | 0 | 0 | 2 | 0 | 5 | 61 – 90 Days | 128 | |
| $50,000-$59,999 | 0 | 0 | 0 | 1 | 0 | 5 | 91-120 Days | 74 | |
| $60,000-$69,999 | 0 | 0 | 0 | 2 | 0 | 9 | Over 120 Days | 277 | |
| $70,000-$79,999 | 0 | 0 | 0 | 5 | 0 | 24 | Total | 1099 | |
| $80,000-$89,999 | 0 | 0 | 0 | 5 | 2 | 29 | |||
| $90,000-$99,999 | 0 | 0 | 0 | 5 | 6 | 37 | Type of Financing of Units Sold (No. of Units) |
||
| $100,000-$119,999 | 1 | 7 | 0 | 6 | 21 | 78 | |||
| $120,000-$139,999 | 3 | 6 | 1 | 13 | 52 | 93 | Conventional | 539 | |
| $140,000-$159,999 | 8 | 7 | 2 | 11 | 71 | 94 | FHA | 334 | |
| $160,000-$179,999 | 7 | 14 | 3 | 13 | 101 | 130 | VA | 44 | |
| $180,000-$199,999 | 2 | 17 | 8 | 11 | 120 | 94 | Assumption | 37 | |
| $200,000-$249,999 | 5 | 52 | 19 | 33 | 316 | 208 | Cash | 116 | |
| $250,000-$299,999 | 1 | 43 | 42 | 25 | 402 | 154 | Owner Finance | 3 | |
| $300,000-$399,999 | 6 | 79 | 88 | 34 | 648 | 183 | All Other | 26 | |
| $400,000-$499,999 | 2 | 50 | 89 | 19 | 466 | 66 | Unreported | 0 | |
| Over $500,000 | 5 | 70 | 264 | 11 | 1659 | 89 | Total | 1099 | |
| Totals | 40 | 345 | 516 | 198 | 3864 | 1308 | |||
| Grand Totals | 1099 | 5172 | |||||||
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Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009 – Information deemed reliable, but is not guaranteed.
Here’s the raw data from Montgomery County for June 2009. Sales are up 20.9% in volume, but prices remain soft, with an average sold price of 15.85% less than this time last year. New listings totaled 1,442 for the county as a whole, while 1,325 homes went under contract. There was a total of 5,172 active listings, with 1,099 sold in June, for an absorption rate of 21.2% of inventory absorbed in the month. For more insight, feel free to contact us!