Market Update - Montgomery County: July 2007 VS July 2006
Montgomery County: July 2007 VS July 2006
These numbers show there is a large supply of homes on the market and it is getting bigger every month.
If you would like a more detailed valuation of your home, contact us today.
- Sales prices rose from a year ago by 9.85% from an average of $547,991 to $601,995.
- Sellers are being negotiated 4.68% off of their original list price versus 4.08% one year ago and homes are staying on the market longer.
- In 2006 the average home was on the market for 49 days. In July of 2007 the average home is on the market for 68 days. That’s a 38.78% increase.
- 1815 new listings came to the market and 917 where put under contract.
These numbers show there is a large supply of homes on the market and it is getting bigger every month.
If you would like a more detailed valuation of your home, contact us today.
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