Germantown Home Sales Report for May 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 May 2016, compared to last year at this time:

Germantown Housing Market

- average sold price was $317,598 compared to last year's $290,926

- average days on market to sell a home went to 63 days from 60 days

- average sold price sellers are getting changed from 96.3%  to 96.4%

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

Germantown Homes Sold

Through May 2016 there were 131 single family homes, 237 townhouses and 123 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 65 cash buyers (often investors) 13.2% of the 491 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 63 compared to 60 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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