How's the Real Estate Market in Germantown MD?
Germantown home sales saw the following changes in
May 2017 compared to last year at this time:
- average sold price was $316,137 compared to last year's $317,598
- average days on market to sell a home went to 45 days from 63 days
- average sold price sellers are getting changed from 96.4% to 98.2%
Germantown market activity is summarized in the following chart (mouse over for details):
Germantown Homes Sold
Through May 2017 there were 115 single family homes, 233 townhouses and 155 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 75 cash buyers (often investors) 14.9% of the 503 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 45 compared to 63 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: