Sales On the Rise in Wheaton-Glenmont Real Estate Market

The number of home sales in the Wheaton-Glenmont market climbed 13.6% to 50 homes over the last 30 days, coming close to the 50.4 monthly average for the last 12 months. At the same time, close-by Rockville reported 61 home sales, the highest number from all the surrounding cities. The median sales price climbed to $351,450 over the latest reporting period for Wheaton-Glenmont, up from $342,500. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Wheaton-Glenmont is a definite seller's market.

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Data reported through 10/12/2016

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