Boyds, MD Market Report – 9/16/11

16 Sep
September 16, 2011

Let’s Talk about Boyds, Maryland (Where?)

Boyds is an unincorporated bedroom community in northern Montgomery County.  This small community is not well know and is often confused with Germantown.

Despite its unknown name, Boyds, during the market upswing saw a large population growth mainly due to the new construction of large housing developments.  Boyds is bordered by Clarksburg and Germantown and is also home to Black Hill Regional Park and Little Seneca Lake.  The town of Boyds is also served by the MARC railroad.

Here is what the housing market did last month in Boyds, Maryland – Zip Code 20841:

Aug-2011 Aug-2010 % Change
Active Listings 39 37 5.41%
New Listings 6 12 -50.00%
New Under Contracts 1 2 -50.00%
New Contingents 4 9 -55.56%
New Pendings 5 11 -54.55%
Total Pendings 11 10 -45.00%

As you can see the market is down approximately 50% in every category with exception of Active listing.  So sales are down and listing inventory is up what do we do now?

That can only be your decision but my advice is to stay put if you can, buy if you can and like the majority of Americans, believe it or not, owning a home continues to be the bedrock of the American Dream.  Homeownership is viewed positively by the vast majority of Americans.   Are you a buyer who has been sitting on the fence?   Bargain home prices and affordable interest rates could be your ticket to the American Dream.

Here are a couple of good First Time Home Buyer options in Boyds, Maryland:

Click the following URL to see the listings:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=2351027XNIGK&p=DE-149192547-627

Market data and commentary provided by Kathy Fleskes & Serena Toro, Rockville Regional Office.

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

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