MyMarketPulse (mymarketpulse.com) recently disclosed its February 2024 findings on the housing market conditions in Montgomery County, Maryland.
According to the latest data, Montgomery County’s Median Sale Price was pegged at $750,000, showing an increase of 2.70% from the preceding month and unchanged from the year before.
The area witnessed the sale of 245 homes during this period, which is a 10.40% increase from the preceding month and a decrease of 18.30% compared to the same timeframe last year.
Furthermore, homes in Montgomery County were on the market for an average of 15 days before selling, reflecting a decrease of 22 days days month-over-month and a decrease of 20 days day year-over-year.
With a Market Pulse Score of 80, the analysis suggests a falling trend in Montgomery County’s housing market momentum.
For more information about the Montgomery County, Maryland market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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