Germantown Home Sales Report July 2017

Germantown Real Estate

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How's the Real Estate Market in Germantown MD?

Germantown home sales saw the following changes in

July 2017 compared to last year at this time:

Germantown Home Sales

- average sold price was $317,985 compared to last year's $315,053

- average days on market to sell a home went to 39 days from 56 days

- average sold price sellers are getting changed from 96.9%  to 98.1%

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

Germantown Homes Sold

Through July 2017 there were 172 single family homes, 338 townhouses and 231 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 97 cash buyers (often investors) 13% of the 741 buyers so far in 2017.  You can see more details in our Germantown Property Value Report.

How Long is it Taking to Sell a Home?

So far in 2017, the average days on market was 39 compared to 56 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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