Germantown Home Sales Report August 2016

Germantown Real Estate

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How's the Real Estate Market in Germantown MD?

Germantown home sales saw the following changes in

August 2016 compared to last year at this time:

Germantown Home Sales

- average sold price was $314,285 compared to last year's $301,474

- average days on market to sell a home went to 54 days from 52 days

- average sold price sellers are getting changed from 96.8%  to 96.7%

Germantown market activity is summarized in the following chart (mouse over for details):

Germantown Homes Sold

Through August  2016 there were 215 single family homes, 422 townhouses and 238 condos sold.  

The chart below shows average home price in Germantown by type.

Are Sellers Getting Their Asking Price in Germantown?

The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions. There were 128 cash buyers (often investors) 14.6% of the 875 buyers so far in 2016.  You can see more details in our Germantown Property Value Report.

How Long is it Taking to Sell a Home?

So far in 2016, the average days on market was 54 compared to 52 days last year. You can see more market statistics in our Germantown Real Estate Trends Market Report.

Call Bob Myers of Re/Max Realty Services at 301-910-9910301-910-9910 if you have any questions about the value of your home or the real estate market.  Search for Germantown homes for sale, save your favorites and get updates:

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