Takoma Park, MD Market Report – 12/21/09

21 Dec
December 21, 2009

The data below represents the current housing market in Takoma Park, Maryland:

  • Homes for sale: 232
  • Closed sales: 64
  • Average sold price: $342,818
  • Average days on market: 63

Takoma Park is blessed with a terrific location on the edge of Washington, DC. It is partly in Prince George’s County and partly in Montgomery County in Maryland. It is a very walkable city and is also served by bus and Metrorail. Much of Takoma Park was built in the early 1900s and there are newer homes on infill locations.

Prices are 8.3% lower versus the same time as last year and inventory has been reduced by 39%. Prices are still dropping according to the statistics.

Takoma Park is an eclectic city as evidence by things such as being a Nuclear Free Zone and other interesting political issues.

Market data and  commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Takoma Park, and all of the DC Metro: www.averyhess.com

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