Montgomery County Real Estate Stats July 2009
Montgomery County Real Estate Market Statistics July 2009
July 2009 in Montgomery County, PA there were 1,186 single family homes that went on the market and listed “for sale” with an average price of $375,000. There were 832 units that sold during the month of July 2009 with an average “sold price” of $310,000.
Looking back a year, at July 2008 in MontCo, there were 1,424 single family homes that went on the market “for sale” with an average price of $397,000. July 2008 saw 824 units that sold for an average price of $347,000.
You can sure use the word decrease across the board while comparing 2008 and 2009. Looking over each month in 2008 it has completely made spikes with increases and decreases in sold prices. There is no way to tell where the market is headed. If you want to sell your home, price it fairly. There are buyers out there buying homes. Talk to a professional real estate agent to learn what it takes to be a good choice within the current inventory. Buyers, let an experienced real estate agent help you narrow down the inventory to just the right home for you.
A report by neighborhood or township is available – it is a lot more accurate when you narrow down to a more localized area – you can email me or leave a comment.
Information obtained from TReND MLS – deemed reliable but not guaranteed.
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I live in Seattle Washington, and I am a loan officer that serves the Seattle Home Mortgage Market. We also have experienced drops across the board in home values. I just don’t think our area here in Washington State has suffered quite as much as many areas of the country. I also think that we will continue to see declines nationally in housing prices. So if you are going to sell, I would think sooner rather than later in order to capitalize and values today, and not 6 months from now. Thanks, for your aricle it was great to read.