The Greater Capital Area Association of Realtors (GCAAR) has just released its September housing stats showing that both Montgomery County, MD condo and single family home inventories were slightly up over August, but that contracts continue to decline. September inventory was at its highest in over a year and contracts were at their lowest.
Despite the bad news, average and median prices of both single family homes and condos remain at their highest - $626,091 average and $510,000 median price for single family homes and $326,794 average and $288,000 median for condos.
More details and trends are available at http://gcaar.com/statistics/default.htm.
Sarah is an associate broker with the number one office of Long & Foster. She's been an active, full-time agent for 21 years and believes in staying on top of the market through continuing education.
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