trendsheet INDICATORS OF MONTGOMERY COUNTY PROGRESS AprIl 2011
In March, Montgomery County’s median housing prices posted a 10.8 percent
housing monitor – house prices, March 2011 gain from February, recapturing most of the previous month’s 11.2 percent
MON TGOMER Y CO UN TY loss.
Montgomery County’s median sales price for all housing types – single, multi‐
family, new and used – was $332,450 in March, up 10.8 percent, or $32,450,
M E D I A N S A L E S P R I C E S ( A L L T Y P E S , N E W A N D U S E D )
from February and up 2.5 percent from March a year ago, when the median
price was $324,250. The county’s median price was 1.9 times greater than the $500,000
nation’s median of $177,001, 1.6 times the median for Maryland ($212,840),
$400,000
and 1.1 times the median for the Washington D.C. region ($293,689). The March
$332,450
gain recaptured most of the 11.2 percent loss that occurred in February 2011. $300,000
$293,689
$200,000 $212,840
S TA TE AND RE GION $177,001
$100,000
Maryland’s median sales price was $212,840 in March, a 2.2 percent increase
from February’s sales price of $208,258 and down 9.1 percent from March a $0
2005 2006 2007 2008 2009 2010 Jan_11 Feb_11 Mar_11
year ago ($234,025). The median price for the Washington D.C. region was
$293,689 in March, up 7.3 percent from February ($273,646) and down 0.3 Montgomery County MSA Region Maryland U.S.A
percent from March a year ago ($294,604).
NA TION
D A Y S O N T H E M A R K E T
In March, the national median price was $177,001, up 2.9 percent ($5,001) from
125
February 2011 ($172,000) and down 8.2 percent from March 2010 ($192,833). 104 days
100
92 days
75 88 days
50
M E D I A N S A L E S P R I C E S ( E N D O F Y E A R )
25
2005 2006 2007 2008 2009 2010 Feb 11 Mar 11
Montgomery Co $425,000 $439,000 $444,000 $395,000 $340,000 $350,000 $300,000 $332,450 0
2005 2006 2007 2008 2009 2010 Jan_11 Feb_11 Mar_11
MSA Region $399,050 $403,064 $398,479 $208,740 $280,740 $313,988 $273,646 $293,689
Howard County $375,000 $385,000 $390,000 $375,000 $340,000 $361,000 $385,000 $311,500
Prince George's $296,450 $330,000 $320,000 $275,000 $220,000 $185,300 $157,000 $155,000 Montgomery County homes were on the market for an average of 92 days in
March—1 day or longer than in February 2011 and 23 days longer than a year ago.
District of Columbia $422,000 $410,000 $409,000 $399,990 $375,000 $387,000 $360,000 $379,950
Montgomery County homes sold 6 days slower than in the region and 12 days
Fairfax County $479,195 $470,000 $459,990 $371,000 $353,000 $385,000 $357,500 $370,000 faster than in the nation.
Maryland $292,214 $307,888 $307,910 $284,927 $256,217 $245,726 $208,258 $212,840
U.S.A $219,300 $221,900 $217,900 $183,800 $177,900 $170,600 $172,000 $177,001
Sources: Metropolitan Regional Information System (MRIS) year‐end and monthly statistics for counties in MSA; MSA regional medians are weighted from
Montgomery County Planning Department, M-NCPPC county statistics; State of Maryland statistics are from the Maryland Association of Realtors (MAR) Monthly Housing Statistics (includes year‐end reports) ;
[Link]
national statistics are from the Associated Press/REMAX monthly National Housing Reports.
