Market Update: Montgomery County August 08

Residential According to the GCAAR Residential Reports: during the month of August 2008 in Montgomery County, MD there were: 1053 NEW LISTINGS  (Residential) (-19.9% drop compared to Aug 07) 4279 TOTAL ACTIVE Residential Listings (down -0.9% compared to Aug 07) 761 UNDER CONTRACT ( up 44.1%  compared to Aug 07 – year-to-date down -12.4%) 609 SETTLEMENTS ( -13.9% drop compared to  Aug 07 – year-to-date down -23.7%) View the entire August 08  [read more...]