Market Report for Gaithersburg MD Real Estate in Zip Code 20879

Zip code 20879 includes the Gaithersburg neighborhoods of Flower Hill, Goshen, Hadley Farms, Hunters Woods, Montgomery Meadows, Quail Valley and Woodland Hills. Home sale activity in June 2008 in this area has increased compared to June 2007 by 25%, but the average home price is almost 6% lower compared to this same time in 2007: from $340,650 in '07 to $320,575 in '08.

Only 24 properties sold in June 2008 in this zip code - 7 condos and 17 single families/townhomes. 22 contracts were placed on homes in 20879 in June 08, and there were 60 new listings that came on the market for a total of 250 active listings.

The average days on market is above the county average: 132 days for zip 20879 vs 97 for Montgomery County MD as a whole.

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Bob Myers, GRI

Re/Max Realty Services, 15020 Shady Grove Rd., Suite 400, Rockville, MD 20850, 240-403-0400