Montgomery County March Market Madness

Dated: April 12 2016

Views: 252

How is the market doing so far?  Here is a snapshot with statistics supplied by the MRIS and RBI for the month of March for Montgomery County.


The 841 closed sales in Montgomery County in March remained nearly flat with last year’s sales, but exceeded thefive-year March average by 6.7 percent. New contracts were up 10.9 percent compared to March 2015. The 2,519active listings at month’s end were nearly the same as last year’s total, despite beginning the month down 7.6percent. This is largely due to a 19.3% spike in new listings compared to March 2015. With only 2.5 months of supplygiven the average sales pace over the last twelve months, sales are still trending in the seller’s favor at the samepace as last March. Half of the homes sold were on the market 41 days or less, slightly more than in March 2015.Compared to last March, prices dipped 3.1 percent as the $385,000 median was lower than last March’s $397,450mark. Closed sales dipped in the detached home segment while rising in the townhouse and condo/co-opsegments.


Below are links to Montgomery County sales prices for April 2015 through March 2016


Median Sales Prices Montgomery County All Property Types

Average Sales Prices Montgomery County All Property Types


Median Sales Prices Montgomery County Detached

Average Sales Prices Montgomery County Detached


Median Sales Prices Montgomery County Townhomes

Average Sales Prices Montgomery County Townhomes


Median Sales Prices Montgomery County Condominiums

Average Sales Prices Montgomery County Condominiums


Watch this space for breakouts of neighborhood home sale performance.

Blog author image

Charles Chapman

Charles Chapman has more than 20 years' experience in the Montgomery County real estate market. He has been a full-time agent through rising markets and good times, and also through falling markets an....

Latest Blog Posts

Learn About Mortgage Relief Options And Protections And Protections For Renters

The information and links below are from the Consumer Financial Protection BureauLearn about mortgage relief options and protectionsA federal law put in place two protections for homeowners with

Read More

10100 Wildwood Road

Natural light abounds! All the bells & whistles! Great backyard! Convenient Kensington location!;

Read More

7704 Cayuga Ave Bethesda In The Whitman High School District

Super price for this move in condition split-level home in the Cohassett neigborhood within walking distance of Burning Tree Elementary, Thomas Pyle Middle and Walt Whitman High.Click here for price

Read More