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Home Montgomery County February 2008 Market Trend

Montgomery County February 2008 Market Trend

Montgomery County, MD

Laura Gray & Associates RE/MAX Realty Group
From: 02/01/2008 to 02/29/2008 Statistics generated on: 03/06/2008

Residential
Unit Sales
Number of Bedrooms		Active Listings Time on Market
Price Class2
Or Less
3		4
or More 		Condo
Coop		Ground
Rent		ResidentialCondo
Coop		Ground
Rent		of Units Sold
(No. of Units)
Under $100,0000002002011 -30 Days90
$100,000 - 149,99900050171031-60 Days46
$150,000 - 199,9993109049251061 - 90 Days73
$200,000 - 249,999191170161374091-120 Days66
$250,000 - 299,99952921604012900Over 120 Days209
$300,000 - 349,999526151314851390Total484
$350,000 - 399,99923823705801001
$400,000 - 449,9991152140461460Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999192420399341
$500,000 - 599,9990122271486490Conventional372
$600,000 - 699,999092400307200FHA24
$700,000 - 799,99905193023790VA4
$800,000 - 899,9990280014490Assumption31
$900,000 - 999,999007008010Cash43
$1,000,000 - 2,499,999024840426131Owner Finance0
$2,500,000 - 4,999,999003006110All Other10
$5,000,000 & Over001001300Unreported0
Totals18157218892429114274Total484
Grand Totals4845722
2008 2007 % Change
Total Sold Dollar Volume:$ 274,052,306$ 436,003,636- 37.14 %
Average Sold Price:$ 566,224$ 515,3719.87 %
Median Sold Price:$ 415,000$ 429,750- 3.43 %
Total Units Sold:484846- 42.79 %
Average Days on Market:1219626.04 %
Average List Price for Solds:$ 619,091$ 546,50913.28 %
Avg Sale Price as a
percentage of Avg List Price:		91.46 %94.30 %
Total Number of NEW listings
taken for the month:1636

Total Number of Properties
marked Contract for the month:413
Total Number of Properties
marked Contingent for the month:310

Total Number of NEW pendings
(CONTRACTS + CONTINGENTS):723

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

RE/MAX Realty Group 6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879 USA
Posted Tuesday Mar 11