Market Update: Montgomery County August 08

Residential

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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 Montgomery County SF Home Report   (PDF file – opens in a new window).

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Condos

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According to the GCAAR Residential Report: during the month of August 2008 in Montgomery County, MD there were:

  • 296 NEW LISTINGS this month for Condos
     ( -20.6% drop compared to  Aug 07)
  • 1217 ACTIVE LISTINGS
    (up 4.8% compared to Aug 07)
  • 182 UNDER CONTRACT
    ( 1.1% drop compared to  Aug 07 – year-to-date down -27.5%)
  • 128 SETTLEMENTS 
    (-36% drop compared to  Aug 07 – year-to-date down -35.5%)

View the entire August 08 Montgomery County Condo Report   (PDF file – opens in a new window).

     

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GARY ROGERS

Realtor, Associate Broker, CRS, GRI
Offices in Gaithersburg and Frederick

Contact Gary