Market Update: Montgomery County October 08

mcreports

Residential (not Condos or Co-ops)

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

  • 1000 NEW LISTINGS this month for Residential
    (-22.5% drop compared to  Oct 07)
  • 4029 TOTAL ACTIVE Residential Listings
    ( down – 8.9% compared to  Oct 07)
  • 614 UNDER CONTRACT
    (+9.8% from  Oct 07 – year-to-date down -9.3%)
  • 562 SETTLEMENTS
    (+25.7% from  Oct 07 – year-to-date down -16.1%)

View the
Ocotober 08 Montgomery County Residential Home Report
(PDF file – opens in a new window).
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Condosmcreports

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

  • 292 NEW LISTINGS this month for Condos/Co-ops
    (-31.0 % drop compared to  Oct 07)
  • 1196 TOTAL ACTIVE LISTINGS for Condos/Co-ops
    (down -4.2%)
  • 120 UNDER CONTRACT
    (down -42.3% compared  Oct 07 – year-to-date is down -26.3%)
  • 118 SETTLEMENTS: (down -16.3% compared to  Oct 07 – year-to-date is down -31.3%)

View the entire
October 08 Montgomery County Condo/Co-op Report
(PDF file – opens in a new window).