AveryHess, Realtors® Blog

Rockville, MD Market Report – 2/15/10

Rockville serves as the county seat and is close to the geographical center of Montgomery County. The City and County have done a fabulous job of reinventing Rockville into a high-density and high-energy urban center that is focused around the Rockville Metro Center. A diverse selection of retailers, dining and housing is available in the Rockville area. It is a highly desirable place to live with numerous festivals and activities.

Real estate market conditions in Rockville, Maryland are as follows:

  • Homes for sale: 425
  • Closed sales: 69
  • Average sold price: $375,938
  • Average days on market: 53

In January, there were 425 homes for sale in Rockville, which is a 9.7% decline when compared to last year. However, the number of homes sold increased 64% from December’s totals as 69 units were sold in January. The average price of homes in Rockville is holding virtually steady at $375,938–up $10,000 from one year ago and down $10,000 from last month. The amount of time it takes to sell a home also remains stable, as homes averaged 53 days on the market in January, which is down by more than half from one year ago.

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

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

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