Montgomery County, MD 12/13/10

13 Dec
December 13, 2010

Montgomery County is a vibrant, bustling area, just minutes from Washington, DC by car or Metro.  The schools in the county are among the best in the nation.  The close proximity to Washington, DC and the Federal Government make it a desirable place to live and work.

Overall Montgomery County’s Housing Market is well on its way to a slow but sure recovery.   The Average Sold Price of $468,000 is up 16.15% from November of 2009, and up 5.31% from last month.  There were 697 homes that SOLD which is slightly more than last month(2.95%).

Here is another bit of good news.  The average Sold Price to average List Price Ratio is 93.09%.  Of course I would rather see 98% (or even 100%) of List Price but 93.09% is not bad at all!  With interest rates still at a historic low it is a great time to Sell or Buy Real Estate in Montgomery County!

Market data and commentary provided by Kathy Fleskes, Managing Broker, Rockville Regional Office.

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

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