If there is one thing that Washington, D.C. knows how to do better than any other city in this country, it is celebrating America. With
The 20882 section of Gaithersburg is improving, ever so slowly. Median Sold Price has inched up +6.86% to $538,000, and the Average Sold to Original
Inventory in Gaithersburg is pretty stable. The number of sales per month is down but houses on the market are still selling in a timely manner. I am still expecting that new contracts being written will be slowing some as we reach a new level of stability. It is possible that we are at that stabilized level now, however only time will tell.
Since we are talking about Gaithersburg, I’d like to start out by reminding everyone that the Montgomery County Agricultural Fair starts on Friday August 13th and runs for ten days. This is one event that everyone loves to attend!.
Talk about a See-Saw, the statistics for Gaithersburg could really confuse even a Real Estate Veteran. Fortunately, there is more to a market than statistics. So let’s jump into the stats first and then we will do some analysis.
For the month of May, the average sales price in Gaithersburg got back onto its slow steady rise in average sale prices. Thus the average rose from $330,231 to $345,753. For the first time in a long time, prices in Gaithersburg are beating their one year ago comparisons. Below you’ll find statistics as well as a full report for Gaithersburg, Maryland.
For the month of March, the average sales price in Gaithersburg took a departure from the previous month in large part due to the majority of lower priced sales. Thus the average fell from $312,311 to $298,534. Below you’ll find statistics as well as a full report for Gaithersburg, Maryland.
For the month of January, the average sales price in Gaithersburg took a two percent drop from the previous month in large part due to the majority of lower priced sales. Thus the average fell from $312,311 to $298,534. Below you’ll find statistics as well as a full report for Gaithersburg, Maryland.
The 24% drop in the number of closings from December 2009 to January 2010 is nothing to fear.
Almost any home priced under $350,000 in Gaithersburg is getting multiple contracts. The average days on market one year ago was 106 days, last month 63 days, and this month 64 days; the trend is unmistakable.
There were 88 homes listed for sale at the end of August, which is not far off from the 90 for sale at the end of July. The number of homes sold in August, a total of 11, matched the sales for July. Meanwhile, median home price in August was down to $650,000, a 9.8% drop from the same period in 2008. However average days on the market (DOM) was only 72, as opposed to the staggering 309 days on the market in August 2008.