How's the Real Estate Market in Germantown MD?
Germantown home sales saw the following changes in July 2016 compared to last year at this time:
- average sold price was $315,053 compared to last year's $301,745
- average days on market to sell a home went to 56 days from 53 days
- average sold price sellers are getting changed from 96.9% to 96.7%
Germantown market activity is summarized in the following chart (mouse over for details):
Germantown Homes Sold
Through July 2016 there were 189 single family homes, 360 townhouses and 202 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 106 cash buyers (often investors) 14.1% of the 751 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 56 compared to 53 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: