Montgomery County Real Estate Market Report
Market Overview:
The Montgomery County real estate market continues to show dynamic trends as of December 2024. This report provides insights into the latest statistics and market behaviors for buyers, sellers, and investors looking to navigate the current environment effectively.
Key Statistics:
- Median Sold Price for Detached Properties: $525,000
- Year-over-Year Median Price Change: +3.8%
- Average Days on Market: 19 days
- Total Units Sold: 1,250
- Active Listings: 4,700
Notable Trends:
- Price Appreciation: Montgomery County has seen a steady increase in property values, with detached homes experiencing a 3.8% rise in median sold prices compared to December 2023.
- Quick Turnaround: Homes are selling swiftly, with an average of only 19 days on the market, reflecting strong demand.
- Inventory Levels: While active listings remain at 4,700, supply still lags behind demand, maintaining a competitive market atmosphere.
- Increased Buyer Activity: December’s sales activity remains robust, with 1,250 units sold, indicating a resilient buyer pool despite economic challenges.
Market Insights:
- Luxury Market: High-end homes continue to draw significant interest, particularly in areas offering premium amenities and excellent school districts.
- Investor Opportunities: With consistent price appreciation and high demand, Montgomery County offers attractive opportunities for real estate investors.
- Seller Advantage: Low days on market and rising prices make this a favorable time for sellers to capitalize on their property investments.
Business Information:
Carmella Thompson, Certified AI Agent, Luxury Realtor, and Success Real Estate Coach, is here to help you navigate this thriving market. My expertise in leveraging cutting-edge AI tools and international advertising ensures your property receives maximum exposure, while my dedication to client success guarantees a seamless experience.
► Contact Information: www.carmellarealestate.com carmella.thompson@exprealty.com Phone: M-610-457-8698 O-888-397-7352
As a leader in luxury real estate and real estate coaching, I’m passionate about empowering clients and agents alike to achieve their goals. Let’s work together to create wealth, abundance, and joy through real estate.
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