January 2017 Montgomery County Maryland Housing Market Update
Posted
by Wm. Joe Preston
on Tuesday, February 14th, 2017 3:58pm.
January 2017
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January's 2017 closed sales topped 2016 by 9% and was the highest January sales level since 2007.
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Pending sales are up 11% from this time last year.
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New listings were up 15.6 %.
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Active listing were down from 2,100 in 2016 to 1,749 in 2017 a drop of 16.7%.
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Sellers received 96.1% of original list price on average and homes sold in January 2017 were on the market an average of 42 days or less.