Movin’ On Up

That’s exactly what many have been busy doing; our local real estate market has seen a positive increase in sales since the beginning of the year and June was no exception. June is typically a very busy month for real estate, but last month set the record for the most sales in Montgomery County since August of 2007 (excluding June 2010, as the tax credit expired at the end of that month resulting in a surge uncharacteristic of the market at that time). Not only were sales up in June, but so were pending properties which bodes well for the market in months to come. Of course every home owner, and potential buyer, want to know about prices, have they continued to drop, leveled out, increased? This market history snapshot shows a nominal increase in the median sales price in Montgomery County, but more importantly, it shows decreased inventory and increased sales; again a positive forecast for the market ahead.

If you would like more detailed, area specific, market information, drop me a line!