As we gear up for the new year, the team at Dart Homes likes to take a look at the last 12 months. 2015 was a great year for us and our region in general. Montgomery County, Maryland experienced robust monthly growth for most months in 2015 compared to 2014 in terms of both market activity and pricing, and we are optimistic that these trends will continue into 2016.
For November 2015, median days on the market is down, months of supply held steady, and the average sale price is up:
The median days on the market is down to 30 from the 5 year November average of 31.
The November 2015 months of supply held steady at 2.9.
The average sales price is up to $511, 083 from the 5 year average of $481,433.
If you are wondering how these trends affect you, please give us a call! The experts at Dart Home can help you make the best of the current market.