Here's the latest news on the residential real estate market in Montgomery County, MD.
During the month of December 2009, $341 million worth of homes sold in Montgomery County -- a 22.75 percent increase over December 2008.
The median selling price of homes and condos was $335,000, representing a drop of 1.98 percent compared to last year.
The big news is that 756 homes sold in December 2009, which is a 17.39 percent increase over December 2008, and the average time on the market plummeted by 33.33 percent.
English translation: more homes sold, and they sold faster than last year.
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