The home sale market in Montgomery County is heading into the spring on a slower trajectory than last year.
Sales volume is 12.4% under this time last year, and the number of homes sold slid over 14%.
Other indicators are steady, including median and average home prices. It’s taking a few days longer for homes to sell, up to 54 days from the initial listing to being under contract. One more slight improvement – sellers are getting 96.9% of their original list price, a very slight improvement from last month.
The harsh winter weather has certainly been a contributor to our slower than normal move into the spring market. We’ll see in the next couple of months if the pent-up demand will carry us to as good a year as 2013.
Montgomery County Stats – March 2014
As always, the numbers that matter most are yours. Drop us a line for a complimentary market analysis of your home or neighborhood. We’re here to help!
Laura Kittleman is the owner of The Kittleman Group of Keller Williams Capital Properties, and her team works primarily in Howard County and Montgomery County, Maryland. She can be reached at 301-785-5889 or [email protected]