Scribd
Upload
185 views1 page

House Prices, March 2011: Housing Monitor

In March 2011, Montgomery County's median housing price increased 10.8% from February to $332,450, recapturing most of the 11.2% loss from the previous month. The median price was higher than both the national median of $177,001 and Maryland's median of $212,840. Homes in Montgomery County spent an average of 92 days on the market, which was 1 day longer than in February and 23 days more than the previous March.

Uploaded by

Planning Docs
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
185 views1 page

House Prices, March 2011: Housing Monitor

In March 2011, Montgomery County's median housing price increased 10.8% from February to $332,450, recapturing most of the 11.2% loss from the previous month. The median price was higher than both the national median of $177,001 and Maryland's median of $212,840. Homes in Montgomery County spent an average of 92 days on the market, which was 1 day longer than in February and 23 days more than the previous March.

Uploaded by

Planning Docs
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

 

trendsheet INDICATORS OF MONTGOMERY COUNTY PROGRESS AprIl 2011

In March, Montgomery County’s median housing prices posted a 10.8 percent


housing monitor – house prices, March 2011 gain from February, recapturing most of the previous month’s 11.2 percent
   
MON TGOMER Y  CO UN TY  loss. 
Montgomery County’s median sales price for all housing types – single, multi‐  
family, new and used – was $332,450  in March, up 10.8 percent, or $32,450,   
M E D I A N   S A L E S   P R I C E S   ( A L L   T Y P E S ,   N E W   A N D   U S E D ) 
from February and up 2.5 percent from March a year ago, when the median   
price was $324,250.  The county’s median price was 1.9 times greater than the  $500,000   
nation’s median of $177,001, 1.6 times the median for Maryland ($212,840),   
$400,000 
and 1.1 times the median for the Washington D.C. region ($293,689). The March 
$332,450 
gain recaptured most of the 11.2 percent loss that occurred in February 2011.  $300,000 
$293,689 
  $200,000  $212,840 
S TA TE  AND RE GION  $177,001 
$100,000 
Maryland’s median sales price was $212,840 in March, a 2.2 percent increase   
from February’s sales price of $208,258 and down 9.1 percent from March a  $0   
2005 2006 2007 2008 2009 2010 Jan_11 Feb_11 Mar_11
year ago ($234,025). The median price for the Washington D.C. region was   
$293,689 in March, up 7.3 percent from February ($273,646) and down 0.3    Montgomery County MSA Region Maryland U.S.A 
percent from March a year ago ($294,604).    
   
NA TION   
D A Y S   O N   T H E   M A R K E T     
In March, the national median price was $177,001, up 2.9 percent ($5,001) from 
125
February 2011 ($172,000) and down 8.2 percent from March 2010 ($192,833).  104 days
  100
92 days
  75 88 days
50
M E D I A N   S A L E S   P R I C E S   ( E N D   O F   Y E A R )  
25
2005  2006  2007  2008  2009         2010 Feb  11 Mar  11
Montgomery Co  $425,000  $439,000  $444,000  $395,000 $340,000 $350,000 $300,000 $332,450 0
2005 2006 2007 2008 2009 2010 Jan_11 Feb_11 Mar_11
MSA Region  $399,050  $403,064  $398,479  $208,740 $280,740 $313,988 $273,646 $293,689

Howard County  $375,000  $385,000  $390,000  $375,000 $340,000 $361,000 $385,000 $311,500

Prince George's     $296,450  $330,000  $320,000  $275,000 $220,000 $185,300 $157,000 $155,000 Montgomery County homes were on the market for an average of 92 days in 
March—1 day or longer than in February 2011 and 23 days longer than a year ago. 
District of Columbia  $422,000  $410,000  $409,000  $399,990 $375,000 $387,000 $360,000 $379,950
Montgomery County homes sold 6 days slower than in the region and 12 days 
Fairfax County  $479,195  $470,000  $459,990  $371,000 $353,000 $385,000 $357,500 $370,000 faster than in the nation.  
Maryland  $292,214  $307,888  $307,910  $284,927 $256,217 $245,726 $208,258 $212,840

U.S.A   $219,300  $221,900  $217,900  $183,800  $177,900  $170,600 $172,000 $177,001

   
 
Sources: Metropolitan Regional Information System (MRIS) year‐end and monthly statistics for counties in MSA; MSA regional medians are weighted from 
 Montgomery County Planning Department, M-NCPPC county statistics; State of Maryland statistics are from the Maryland Association of Realtors (MAR) Monthly Housing Statistics (includes year‐end reports) ; 
MontgomeryPlanning.org
national statistics are from the Associated Press/REMAX monthly National Housing Reports. 
 

You might also like