Sales Down in Montgomery County Real Estate Market

The Montgomery County market slowed with an 11.5% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 996.7 monthly average with 776 homes sold. Meanwhile, Fairfax County reported 883 home sales, the highest number from all the surrounding counties. The median sales price rose to $415,000, up from last week's $414,000. There are only two months of inventory available in Montgomery County, so it's a definite seller's market, even with the decrease in sales.

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Demographic facts for Montgomery County:

  • 64.2% of the people in this area are homeowners.
  • For every teacher there are 14.9 students in this area. (15.3 = national average)

Data reported through 1/11/2017

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