The Montgomery County, Maryland, housing market is generally less expensive than the District and close-in Northern Virginia suburbs, but prices are rising.
The Greater Capital Area Association of Realtors said the median price of a home that sold in Montgomery County in April was $464,000, up 4.3% from a year ago.
The number of sales in Montgomery County that closed last month was down 3.5% from a year ago, but pending sales, or contracts that were signed, were up 2.8%.
The number of houses and condos for sale in Montgomery County is down 5.1% from a year ago.
Montgomery County’s housing market continues to favor sellers, with just a 2.3 month supply of homes available based on the average sales pace over the last year.
Homes that sold in April went for an average 98.7% of the original list price.
Below is a chart showing sales and price trends in Montgomery County over the past nine years, courtesy of the Greater Capital Area Association of Realtors:
