Here's an update on the real estate market in Montgomery County, Maryland.
During January, $232 million worth of houses and condos sold in Montgomery County, which is a 42.23 percent increase over sales in January of last year.
The median selling price of homes was up 2.27 percent, and the number of units sold increased by 48.84 percent.
Additionally, the average time that a home stayed on the market dropped by 37.50 percent.
So, the residential market is showing signs of recovery, based on this data.
By the way, these statistics are courtesy of Metropolitan Regional Information Systems, Inc., which collects data on home sales in metro DC.
If you want further details on our market, just let us know via email or telephone, and we'll be happy to respond.