Germantown Real Estate Market Sees Sales Fall

While home sales in the Germantown market have been above average, in this week's report they dropped 9.9% to 82 homes sold over the last 30 days. Meanwhile, close-by Rockville reported 61 homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Germantown, and for this period the median sales price slid from $255,000 to $244,000. In spite of the decrease in sales, a low two months of inventory signals that Germantown is a definite seller's market.

If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in Germantown:

$1.5M   $499K   $524K  

Get started right now by checking out Germantown homes for sale or reviewing Germantown real estate trends.

Demographic facts about Germantown:

  • The median value of all homes in the area is $232,700.
  • This area usually gets 94 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 4.7%.
  • There are 14.9 students for every teacher. (15.3 = national average)

Data reported through 10/12/2016

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