Montgomery County Market Statistics: August 2009

Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator – <$30K to >$500K Format

Montgomery County, MD
From: 08/01/2009 to 08/31/2009 Statistics generated on: 09/09/2009

	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	4	1 -30 Days	405
$30,000-$39,000	0	0	0	1	0	0	31-60 Days	181
$40,000-$49,999	0	0	0	2	0	11	61 – 90 Days	119
$50,000-$59,999	1	0	0	3	0	7	91-120 Days	52
$60,000-$69,999	0	0	0	3	0	15	Over 120 Days	210
$70,000-$79,999	0	0	0	5	1	19	Total	967
$80,000-$89,999	2	0	0	4	3	29
$90,000-$99,999	0	0	0	8	7	27	Type of Financing of Units Sold (No. of Units)
$100,000-$119,999	1	3	2	16	23	64	Type of Financing of Units Sold (No. of Units)
$120,000-$139,999	2	6	2	11	46	77	Conventional	464
$140,000-$159,999	2	7	0	13	62	98	FHA	324
$160,000-$179,999	3	16	0	18	93	90	VA	36
$180,000-$199,999	4	17	3	17	113	95	Assumption	22
$200,000-$249,999	5	40	24	37	277	187	Cash	113
$250,000-$299,999	5	41	36	20	339	148	Owner Finance	0
$300,000-$399,999	5	70	73	29	596	162	All Other	8
$400,000-$499,999	2	31	64	2	414	56	Unreported	0
Over $500,000	6	66	230	8	1323	92	Total	967
Totals	38	297	434	198	3297	1181
Grand Totals	967				4478

	2009	2008	% Change
Total Sold Dollar Volume:	$ 441,783,435	$ 402,152,285	9.85 %
Average Sold Price:	$ 456,860	$ 510,994	- 10.59 %
Median Sold Price:	$ 355,000	$ 408,000	- 12.99 %
Total Units Sold:	967	787	22.87 %
Average Days on Market:	85	99	- 14.14 %
Average List Price for Solds:	$ 499,774	$ 560,160	- 10.78 %
Avg Sale Price as a percentage of Avg List Price:	91.41 %	91.22 %

Total Number of NEW listings
taken for the month:	1240
Total Number of Properties
marked Contract for the month:	590
Total Number of Properties
marked Contingent for the month:	574
Total Number of NEW pendings
(CONTRACTS + CONTINGENTS):	1164

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009 – Information deemed reliable, but is not guaranteed.