Montgomery Village Real Estate Market Report - Montgomery County, Maryland
Montgomery Village, Maryland - Montgomery County
| Market Commentary Provided by Top Agent Foreclosures increasing in 2009. Depressing other home values. More owners may end up short selling or foreclosuing because their home values have plummeted. Even if they do not want to move, they may be forced to do so, and will do it at a huge loss. As realtors, we need to get the foreclosures off the market asap by working with first time buyers and getting banks to price them right. Once they are gone, we will stabilize and values will slowly appreciate. |
| Report Date | Fall 2009 |
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| Nearest Metro Area | |||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | More than 120 days | ||||
| Market Trend | No Change | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $350,000 - View Graph Trend | ||||
| Best Selling Price Range | |||||
| Worst Selling Price Range | |||||
| Compared to Last Year | Down 25-30% | ||||
| Prices As % of Asking Price | 90-95% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in Montgomery Village is | |||||
| Seller Activity for the past 90 days in Montgomery Village is | |||||
| Is Financing Available For Qualified Buyers in Montgomery Village? | |||||
| Existing Home Prices for the past 90 days are | |||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | |||||
| Housing Hot Spots | |||||
| Reason to Buy/Sell | Other | ||||
| Average Sold Price | $350,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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