Montgomery County Supply and Demand Charts April 2011

Here is the Montgomery County, Maryland supply and demand chart for April 2011. The absorption rate is determined by the number of homes on the market and the number of homes selling that month

There is an interesting dynamic in the Montgomery County right now. The absorption rate is falling which typically indicates a lack of buyer interest. However, when we look at the available inventory, there is still a lot of short sales and foreclosures in numbers. Most buyers CAN'T or WON'T buy a foreclosure and/or short sale (that is a 5 pg blog for another day). So the available owner occupied, well price, good condition homes are getting purchased immediately. The market looks like it is cooling but it is actually heating up.

If you haven't been searching homes in the last 2 weeks you might be pleasantly surprised by what has come on to the market. To find a great agent to help your search www.realty-md.com

Absorption Rates:

April 2011 15.7% absorption rate

April 2010 17.6% absorption rate

April 2009 12.2% absorption rate